ULTRACEMCOIt appears to have completed its retracement after a breakout. Further upside till 4050/4200 could be probable if it can sustain above 3825
Ichimokuscholar
NESTLEIt has activated an Ichimoku bearish C Clamp in weekly time frame and has entered into the Kumo in daily time frame which is also in sync with weekly for its next downside level at 15000. The view would be negated above 17300
NIFTYIt appears to have completed its counter trend of a major counter trend. As long as it holds 9725 on closing basis it could now resume a trend for 10500/11250. Double confirmation would be a close above 9970
BAJAJ FINANCEIt has activated a Bullish C Clamp in Weekly time frame. While in the daily time frame after showing some consolidation inside the Kumo is now attempting to resume a short term rally provided it does not go once again below 2350. It faces resistance at 2800 and 3300
BIOCONIt had reversed from Bearish Harmonic Deep Crab at 400. Today it has activated a C Clamp. Both in daily time frame. It could retrace till 360 provided it does not go above 400
SBI LIFEIt has activated a Bullish C Clamp in hourly time frame suggesting the possibility of 725 for now provided it does not breach 699. In daily time frame it is attempting to take support inside the Kumo
RELIANCEIt has triggered an hourly bearish C Clamp Ichimoku study suggesting retest of 1530 / 1490 provided it does not go above 1615
NIFTYIn 15mins tf its attempting to hold these levels. Above 9390 (15mins close) it could retest 9475/9550. Once that is activated a negation point would be 9350
HINDUSTAN UNILEVERIt has activated an Ichimoku C Clamp which is suggesting a retest of 2175. View would go wrong if it trades above 2425.
ITCIt has formed a Bearish Harmonic Gartley which coincides with the Weekly/Monthly Ichimoku resistance alongwith highest OI in 200CE, It could retest 175/165. View negates above 196
EICHERIt has activated an Ichimoku C Clamp in higher time frame and hourly is indicating a possibility of a fresh breakout. It could retrace till 15500 provided it does not go below 13250
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
India VixIf it gives an hourly close below 70 then there would a v strong likelihood of further cooling till 50 where it has an alignment of support from Monthly down to Hourly. This in turn would get some steadiness to markets. Less of these wild intraday swings and lower probabilities of large daily candles. Near 50 it could then resume its upward journey. Whether this is going to be the CALM before the (next) storm or VIX is done with its carnage would be reviewed near about 50.
EicherUnless the monthly candle manages a close above 15200 this bearish H&S breakdown is suggesting 11500-12000 (Ichimoku support + 62%) and if that gives way then all the way down to 5000. Please don't forget this is a monthly time frame outlook. It can take all the sweet time in the world to get there.
ITCIn daily time frame ITC has made a Bearish Island Reversal. Even though the impact of this set up usually works after an uptrend, we cannot ignore the repercussion in the current scenario. Until it does not negate the bearish pattern AT 165 upside looks difficult. Above that a short term move till 200 where it has a massive monthly and weekly resistance. Downside levels per monthly chart time frame are 120 and if that fails to sustain the next major one is near 65.
Asian PaintsWeekly chart have seen a perfect bounce from a bullish Ichimoku Kumo, which coincided with a Bullish Harmonic Alt Shark in daily time frame. In hourly it appears to be consolidating after doing a 38% retracement. Support comes in at 1530-1510 which had decent volumes, below that retest of Alt Shark 1.13 at 1470. Immediate resistance 1670, above that 1725. So far among the rare stocks to withstand the bear onslaught.
Bank NiftyBank Nifty has attempted a bounce today after testing 62% retracement of its move from FEB 2016 low. For it start a meaningful rally it 1st needs a consolidation which could happen between 26000-22500. Failure to hold today's low opens the passage for 19000. A downtrend halts & changes 1st with swings then an uptrend starts, whichever time frame you look at it. If its V shape then be prepared that its a trap. RBI's move yesterday (Dollar Swap) to provide liquidity is a +ve indicator
RAMCO CEMENTIt did a reversal from Kumo support post Bearish AB=CD. Today its going to activate a C Clamp for 815. View would be negated below 774.
VEDLIt has activated a C Clamp in Daily Time frame suggesting 149 as a possible level which coincides with 50% retracement of Bullish Alt Shark. In hourly time frame it has taken good support near the Kumo. View negates below 139
UJJIVANIt has activated a Bearish C Clamp in both daily and 15mins time frames. It could retest 388 and 370. View would be negated above 402 for daily tf and 396 for 15mins tf
NiftyNifty after making a high on Dec 20, has shown signs of consolidation. Currently it is at an hourly resistance of 12200-12210. It could reverse from here for a test of 12050-12000 (daily time frame support). View would negate above 12260
IndigoA weekly close inside kumo (below 1400) could lead to further sharp selling as chikou is free for a down move till 1225-1200 (other end of kumo)
TATA STEELIt has a weekly as well as daily resistance at 420 from where it has reacted. Unless it manages a close above it there is strong possibility it might retest support at 390-380 to confirm a higher low. Sustaining above 420 (on closing basis) could take it to 475
