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Bluechips4u

JIO FINANCIAL SERVICESHello & welcome to this analysis The decline from May 2024 till Mar 2025 appears to be an Elliott Wave corrective ABC that went on to make its all time lows breaking the previous one made in Oct 2023. The rally in Mar 2025 was a Leading Diagonal Impulse Wave 1 It was followed by Wave 2 - a corrective ABC which did a 88% retracement giving a double bottom in early April 2025. From there started the strongest & most reliable Elliott Wave - 3 that lasted the full month of April 2025. Since Wave 2 was deep the corrective Wave 4 did a zigzag and ended quickly mid May 2025. The terminal wave 5 of the larger Wave I is coming to an end around 275 - 280. This could lead to another round of corrective ABC which could be the larger Wave II in the making. Likely levels till where it could retrace its formation could be 255 at least, 240 probable & 205 hopefully maximum. Anything below Mar 2025 lows will make the Impulse wave rise as invalid. On the other hand, if the current wave continues to sustain beyond 285-290 then it could be unfolding a Wave 3 extension that could lead to much higher levels. Conclusion For buyers - wait for it to sustain above 285-290 to add, else wait for a dip to 255 - 240 and then review For sellers - between 275-280 wait for a bearish candle follow through keeping 285-290 as a stop loss. All the best
NSE:JIOFIN
by Dinesh_C_Nagpal
BANK NIFTYHello & welcome to this analysis The index is completing its pullback forming a falling trendline. It has good support between 54500-54000 while the trendline breakout would happen above 55500. The upside potential for this expected breakout is 57500-58000 One could either wait for the trend line breakout or buy this last leg of dip. Whenever Bank Nifty rallies it accelerates the Nifty trend also along with other sectors. Rarely does the index move in isolation. All the best
NSE:BANKNIFTYLong
by Dinesh_C_Nagpal
2
NIFTY ITHello & welcome to this analysis NIFTY IT (CNXIT) appears to have completed in Monthly from 2016 lows an impulse 5 waves up Weekly shows a running flat wave 4 followed by sub waves of the terminal 5th wave Daily indicates post the impulse an ABC corrective ended (ending) is this A of abc down after a monthly 5 up or is it wave 2 complete with this ABC? It is too early to say the latter. Normally the corrective tends to retest the start of the preceding sub wave 4 that is around 31000 but that is not mandatory as per Elliott Wave rules. An early indication of which wave is unfolding will depend on how the sub waves come out now, either they will be corrective, then it would be B of abc or they will be impulse then wave 2 has ended and index is into Wave 3. Interesting days ahead for IT index All the best
NSE:CNXIT
by Dinesh_C_Nagpal
1
CRUDE Hello & welcome to this analysis WTI OIL is at the PRZ of a bullish Harmonic Cypher pattern suggesting a bounce/reversal from current levels. Crude (MCX) however does not have any bullish harmonic patterns at the moment, normally, we do see them in sync, however, this time maybe due to a strong INR the pattern is not seen. One can take a trade tracking USOIL / WTI either above $57.85 (60m close) with swing low as stop loss or take a bullish trade here with $55.95 as stop loss. The targets are 38-50-62 Fibonacci levels as marked in the chart All the best
TVC:USOILLong
by Dinesh_C_Nagpal
USD INRHello & welcome to this analysis USDINR topped out on 10th Feb @ 88 to see a sharp reversal all the way till 4th April when it formed a bullish Harmonic Deep Crab pattern @ 85 that too lead to a more sharper bounce back till 9th April when it formed a bearish Harmonic Reciprocal ABCD pattern near the top end of the slanting channel. From there we have witnessed yet another steep downward move which is currently resting at the lower end of the slanting channel. Failure to hold 84.45 - 84.35 could lead to a further downward move till 83.70 where it would attempt to form a bullish Harmonic ABCD pattern that could coincide with DXY bullish harmonic pattern near 95. So if you have exposure to currency for any reasons whatsoever - overseas trips, college fees, business, commodities trading, etc - this might be of help to you. Disclaimer - Not a trading advise, kindly do your study carefully before taking a decision
Short
by Dinesh_C_Nagpal
SILVERHello & welcome to this analysis Since May 2024, Silver (Comex) has surpassed $32.5 only once and failed on 4 attempts (including Fri - 14th Feb). Silver (MCX) has surpassed 96500 only once and failed on 3 attempts (one less due to $:INR impact). Is this setup a complex H&S in the making (multiple shoulders)? I have my doubts on that because the weekly and monthly patterns are of a cup and handle formation with the latter in the process of currently shuffling out weak hands. A daily close above 32.50 / 96500 would lead to a strong rally. Strong support now at $31 / 93500 Medium to long term view bullish, short term volatile - waiting for breakout Regards
OANDA:XAGUSDLong
by Dinesh_C_Nagpal
EMAMI LTDHello & welcome to this analysis the market has taken a heavy toll across all sectors, not even sparing the defensive sector - FMCG. What lies ahead for Emami, a fmcg co with established brands across several segments - I have in this video covered the stock across multiple time frames showing likely support areas and probable resistance areas keeping in mind the likelihood of more upside in the medium to long term based on the studies of Ichimoku & Fibonacci Happy investing
NSE:EMAMILTD
by Dinesh_C_Nagpal
COPPERHello & welcome to this analysis Copper (MCX) is making a bullish Harmonic Seahorse breakout. A weekly close above 885 would activate it for a potential upside probable target of 1000. Post breakout if it slips below 700 the pattern will have become invalid. Good risk reward set up currently for accumulation. Stocks which could gain from increase in copper prices - Hind Copper, Hindalco & Vedanta. Sectors which could get hammered from increase in copper prices since its a part of their raw material for manufacturing - White goods consumer durables manufactures, Electric cables and wire manufactures & Automobile manufacturers. All the best
MCX:COPPER1!Long
by Dinesh_C_Nagpal
BOSCH, SAMVARDHNA MOTHERSON & SONA BLWHello & welcome to this analysis Auto ancillary stocks at strong support levels suggesting a bounce/reversal from current levels with them forming Bullish Harmonic Patterns in weekly time frame BOSCH - Alt Shark MOTHERSON - Alt Shark SONACOM - Cypher Today's candle were very strong, one can look to add on follow through confirmation or on pullback, the risk reward appears decent at current levels. In the video I have suggested possible levels of resistance on upside along with negation levels on the downside for each case. All the best
NSE:SONACOMSLong
by Dinesh_C_Nagpal
3