LARSEN TOUBROLT has activated a Bearish Ichimoku C Clamp in daily time frame. It could retest 1450 provided it does not move above 1575.
Ichimoku_trader
COAL INDIAIt appears strong both in the short term as well as medium term. It could test 150 (short term) and above that 165/190. For short term the view negates below 137
MARUTIIt has given a breakout in lower time frame suggesting 8000 as a likely level as long as it does not breach 7640
Bandhan Bank next support levels Bandhan Bank daily chart
The next support level according to Ichimoku chart is 302.50, if it breaks that level the next major support level is 291.85.
NiftyIt is at the top end of its rising parallel channel . As per Ichimoku it is also at a Price & Time Axis reversal . An hourly close below 14525 would validate the reversal for 14250/13750 . View would get negated if it gives a daily close above day high after triggering a down move.
Sun TV NetworkAfter reversing from a Bullish Harmonic Shark it has now given a breakout in weekly time frame as per Ichimoku which suggest further upside till 550 as long as it gives a weekly close above 485.
Coincidentally, the min expected retracement of 38% of the Bullish Shark is also in the same range along with a Bullish Harmonic Dragon which is running in daily time frame with the same level as a target.
Cummins IndiaAfter completing its pullback towards the daily time frame Kijun support it has reversed and appears to have a given a breakout in hourly time frame. If it holds above 574 it could continue its rally till 675 with a minor resistance at 625.
SHRIRAM TRANSPORT FINANCEAfter giving a breakout it appears to have completed its pullback. It could resume its uptrend from here for 1125 / 1150 as long as it remains above 1030
CONCORIt appears to have completed its pullback post recent breakout. It could now rally till 440 & 475. View would negate below 404
BANKNIFTY dancing with IchimokuGreetings Traders,
Keeping the cloud in mind, and with a great amount of respect to it, TEN-KIJ is moving to a new high to provide us a strong buying signal.
Support will become resistance taking a down move.
TATA MOTORS riding upwardsGreetings Traders,
If we check on the previous crossing of TEN-KIJ, it was in the KUMO which means no trading zone.
We can see that the price, TEN-KIJ, and KUMO are not moving in a stable pattern.
The KUMO kept on switching between Support and Resistance with a gapped price movement.
The price movement will make a new high.
TEN-KIJ are moving upwards, at this point if TEN-KIJ crosses at the new high, BULLS will enter the trend with a great force.
ITC ICHIMOKU PART4 TENKEN PROVIDING RESISTANCEGreeting Traders
Hello, this is the ITC bank 4-hour time frame chart.
I will tell you how the Tanken sen resistance.
When the tanken is at the top of the candle, it will work as a resistance.
Thank you.
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AXIS BANK ICHIMOKU PART 3 TENKEN PROVIDING SUPPORT Greeting Traders
Hello, this is AXIS bank 4 hour time frame chart.
I will tell you how the tanken sen supports.
When the tanken is at the bottom of the candle, it will work as a support.
Thank you.
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DOW JONESDJIA which turned from a Bullish Harmonic AB=CD is now approaching the PRZ (28600-28800) of a Bearish Harmonic AB=CD. Like in the bullish instance which coincided with Ichimoku support, here too the expected resistance tallies with an Ichimoku weekly resistance and a falling trend line. View would negate above 28900
ULTRACEMCOIt appears to have completed its retracement after a breakout. Further upside till 4050/4200 could be probable if it can sustain above 3825
HDFC LIFEAs per Ichimoku study it has completed its pullback post the breakout within a rising channel which suggest a probable rally till 575 provided it does not go below 495.
NIFTYToday's weak opening and recovery so far looks similar to the lower circuit and recovery on March 12, 2020, we know what followed next. BOTTOMS are RARELY made in V shape. They consolidate before gaining momentum. Intra day and stock specific would be a different matter, else let the mayhem fizzle out then look for reversals. Resistance at 9800.
ICICI BANKIt has activated a False Breakout Continuation Pattern. It could retrace till 360/400 (which also happen to be Ichimoku based Cloud resistance levels) provided it does not go below 305
SUN PHARMAIt has given a breakdown in hourly charts which suggest a retest of 440/425. View would negate if it moves above 466
BHARTI AIRTELIt has given a triangle breakout which is suggesting 565-570 as long as it remains above 532
TECHMIt has given a fresh breakdown in hourly time frame which suggest a retest of 500 and then 460. View would be negated above 555
HDFCIt has activated a C Clamp which suggest a retracement till 1860 is probable, which is also a resistance in weekly/monthly time frame. The level also tallies with a retracement of the monthly bullish harmonic pattern as well as with a probable bearish pattern near it in lower time frame. Two studies suggesting indentical resistance ahead!
