After giving a breakout in daily time frame it appears to have completed its pullback near the hourly/daily kumo support. As long as its above 820 it could attempt a rally towards 870 and above that an ATH for 925
It has given a breakout in daily time frame suggesting further upside till weekly resistance at 370 then 390. Negation for this view would be below hourly Kijun at 340.
Ichimoku is a Japanese origin study based on a cluster of specific Moving Averages corelating Price and Time of a trend.
As per Ichimoku Multi Time Frame Analysis it has given a bullish breakout in hourly time frame and a close above 321 would confirm so in daily time frame also. As long as it sustains above 316 it could continue the uptrend till 350
It continues to take support on any dip near its Kijun (Ichimoku Analysis) support regularly making higher highs and higher lows. This time too its attempting a resumption of trend which might take it to 1475 / 1525 if it manages to hold above 1375 on hourly basis.
Ichimoku is a Japanese study based on Moving Averages wherein the alignment of certain specific ones...
Nifty is attempting a reversal from a Bullish Harmonic Alt Shark in hourly time frame which coincides with an Ichimoku Kumo support in daily time frame. If it manages to sustain above 11100 it could retrace back to 11275/11350. There is strong resistance now at 11425. Break of 11050 on closing basis will lead to further weakness/selling pressure.
Harmonic Trading...
It has activated a Bullish Ichimoku C Clamp probability in hourly time frame. The probability will be negated below 1018 while resistance is at 1070.
Ichimoku analysis works on the alignment of specific moving averages comprised of conversion line, base line, leading lines, lagging line and Cloud
It has come to an Ichimoku Kumo support on daily time frame. In lower time frame it has given signs of reversal. It could retest 378 / 390 / 410 if it stays above 362.
Ichimoku is a Japanese study based on specific Moving Averages wherein just like Dow Theory the analyst with a one glance deciphers if price is above Kumo or below looking for an equilibrium set up
Titan has continued to make higher highs and higher lows respecting the daily kijun support. It could move now towards 1225-50 (where it will test a weekly trend line) if it holds 1160.
Post SEBI's circular on Multi Cap this chart warrants attention. The current reversal which has seen the Small Cap Bullish revival is now at a monthly as well as weekly support of a Spread Strength Comparison of Nifty / Small Cap. For further out performance of Small Cap Index over Nifty (Large CAP) this support has to broken decisively. Else it might once again...
Nifty had reversed from a Price & Time axis equilibrium on August 31. It appears to have completed an Ichimoku wave yesterday very close to major support of 11150. Will consider this turnaround for now as a bounce for now till 11500 and above that 11650 provided it can take out 11415. Support comes in at 11250.
Ichimoku study is trend is based on time, price is...
It appears bearish in mutli time frames
Weekly - Ichimoku C Clamp
Daily - Crown Pattern
Hourly - Rounding Pattern
It could retest 16000/15300. View negates above 16900
Nifty:
Monthly range 11350-10725
Weekly support 11050 resistance 11350/11475/11750
Daily support 11000/10850 resistance 11300
Hourly Butterfly at 11025, if it fails to hold then 10900 likely.
Bank Nifty:
21000 crucial level for any attempt to bounce/reverse back for 22700 and above that rally till 23750-24000
Both CNX FINANCIALS & NIFTY PVT BANK indexes have made Bearish Harmonic AB=CD which also happens to be v close to their weekly & monthly Ichimoku resistance. Financials could retrace till 10500 while Pvt Banks could retrace till 11500. View would negate if they move and sustain above 11500 & 13100 respectively.
In weekly time frame it will activate a Bearish Ichimoku C Clamp if it closes below 3900 tomorrow. In daily time frame it has entered inside a Kumo (suggesting increase in volatility) It could retest 3650/3350 where it has strong support. Resistance at 3925 and 4000
It is on the verge of a breakout above 440 in daily time frame which indicates further upside 1st till 465 and then till 520 as per weekly time frame. The view would be negated below 425
