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Ichimokutrainig

GOLDHello & welcome to this analysis Gold at COMEX has formed a bullish Harmonic Gartley pattern in 4hr time frame suggesting a reversal in trend. As long as it sustains above $3295 it could give a bounce/rally till $ 3345 - 3370 - 3400 - 3450. Gold at MCX appears to be ending its pullback but due to INR $ fluctuations a bullish Harmonic pattern has not formed. One could look for bullish trades as long as its above 97900 for upside levels of 99400 - 100000 - 101000 - 102500. Keep in mind levels could alter due to forex changes Overall GOLD is strong and has an upside triangle breakout target of $3700 open as long as it is above $3250 (refer to my earlier view published on Gold in the link) All the best
MCX:GOLD1!Long
by Dinesh_C_Nagpal
1
CRUDEHello & welcome to this analysis USOIL / CRUDE (MCX) after a very sharp rally till the slanting channel have now retraced to very strong support levels as per the ICHIMOKU indicator in daily time frame. One could look for a 4hrs reversal candle confirmation between $64.50 - 63.75 / INR 5625 - 5450 for a resumption of rally till $77 / INR 6900 with resistance on its path at $68.50 & $74 / INR 5825 & INR 6400 Remember enter only after you get a bullish candle confirmation from lower time frame. All the best
MCX:CRUDEOIL1!Long
by Dinesh_C_Nagpal
1
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
2
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
NiftyHello & welcome to this analysis The index which attempted a bounce on Tuesday failed to breach above 23250, today it is again witnessing selling pressure. A bullish Harmonic Alt Shark could pause/stop this decline near 22675 which is the lower trendline of a falling channel apart from it being the monthly Ichimoku support area. Further decline could take it to 22400 where it has a Bullish Harmonic Gartley. Short covering as of now is appears to be only above 23175 The risk reward going forward still remains in favour of short side trades
NSE:NIFTYShort
by Dinesh_C_Nagpal
Hindustan UnileverHello & welcome to this analysis FMCG sector appears to be doing better then other sectors after a very long time with Hindustan Unilever having a large weightage in the sector Strength signal - Since 2008 it has never violated the Quarterly Ichimoku Base line nor the Monthly Ichimoku Cloud. Near these support levels it becomes a very attractive value buy. This time also in 2024 it did the same. After giving a Cup & Handle breakout in the weekly time frame its seen a pullback since October 2024 along with the rest of the market. In the last 3 weeks its gone sideways whereas we have seen other sectors continue to see sharp selling. Once again highlighting that current level is seeing consistent buying support. The pullback appears to have been completed as it bounced back from its rising trend line. A daily falling wedge breakout has also witnessed a pullback now. As long as it now holds the rising trendline at 2350 it has good potential for upside suggesting a decent low risk high reward set up from short to medium term. Upside levels one can look out for above 2400 are at 2700 / 3100 / 3300 / 3600 All the best for your trading and investing My last video on the stock link is shared
NSE:HINDUNILVRLong
by Dinesh_C_Nagpal
1