Dinesh_C_Nagpal

Dinesh_C_Nagpal

Hello & 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...

Dinesh_C_Nagpal Updated 

Hello & 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...

Dinesh_C_Nagpal Updated 

Hello & 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...

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis The index gave a sharp bounce back like the rest of the market and is now near a cluster resistance - monthly, weekly & daily @ 16900. It could consolidate in this zone before trying a breakout for 17500 else dip down to 16000 where it has good support. Fresh buying in small caps at current levels for short term should be done...

Dinesh_C_Nagpal

Hello & welcome to this analysis A bearish Harmonic Crab pattern has been activated in the daily time frame suggesting downside levels till 1350-1300 probable if it starts sustaining below 1390 which is a line of support as of now. Its made a gap down today, any pullback till the gap area could witness another round of selling. The pattern negates above 1465

Dinesh_C_Nagpal

Hello & welcome to this analysis In the hourly time frame after a steep correction followed by consolidation its now on the verge of an Inverse Head & Shoulder breakout above 695 for probable upward levels of 740 & 800. It has very good support near 670 as shown by the Ichimoku Kumo All the best

Dinesh_C_Nagpal Updated 

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 /...

Dinesh_C_Nagpal Updated 

Hello & 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...

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis A deep 6 months correction lead to the formation of a Bullish Harmonic Crab pattern in March 2025 post which during accumulation (consolidation) phase formed an Inverse Head & Shoulder. A 38% retracement of the bullish harmonic pattern has been done and now its completing a pullback of the IHS breakout by retesting the...

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis Stock has activated two bullish harmonic patterns within the same potential reversal zone - Deep Crab and Bat. As long as it holds 135 it could retest 190-200 (gap area), above that 225-235 (area of distribution before breakdown) Decent risk reward set up for medium term perspective

Dinesh_C_Nagpal

Hello & welcome to this analysis GOLD is giving a hourly H&S breakdown suggesting targets of $3134 (Comex) / 91000 (MCX) with a pause near $3190 / 92750

Dinesh_C_Nagpal

Hello & welcome to this analysis GOLD/SILVER (COMEX) ratio charts has done 1.62 Fibonacci of its Inverse Head & Shoulder breakout. It has immediate parallel channel resistance near 109, if it breaks above it then next resistance is at 118 where it has a Bearish Harmonic Bat. Current support is at 102, below that it could test the breakout level at 92

Dinesh_C_Nagpal

Hello & welcome to this analysis Current decline in DXY could still continue all the way till 95 where it has a Bullish Harmonic Gartley. At the current moment big resistance at 99-100, only above that a move towards 101.50 & then 1003

Dinesh_C_Nagpal

Hello & welcome to this analysis It failed to reverse from the Bullish Harmonic Cypher pattern. Now next bullish harmonic pattern is the Alt Shark at 137.75 while 141.80 appears to be a very strong resistance now

08:42

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis The co gets 50% of its revenue from USA where new policies appear to be hurting the top and bottom line of the stock. Narrow range 840 - 950, wider range 650 - 1025. Idea is to buy either after it sustains above 950 or near 650 Happy Investing and all the best with your trading

09:25

Dinesh_C_Nagpal

Hello & welcome to this analysis Stock could be forming a cup & handle pattern in the monthly time frame with the lower leg of the handle coming to an end. 2000 is an extremely important level for the stock in the short term, while it has loads of resistance between 2300-2800 on the upside as it attempts to complete the handle. Overall weakness continues below...

Dinesh_C_Nagpal

Hello & welcome to this analysis GOLD (Comex) 4hrs is going to enter the potential reversal zone of a bearish Harmonic Shark pattern between $3135 - $3155. Pattern negates above $3167. Probable retracement levels $3100 / $ 3075 / $3025 / 2950 If it sustains above $3170-$3200 it gets v strong and will attempt $3300

Dinesh_C_Nagpal

Hello & welcome to this analysis The index after a steep decline formed a bullish Harmonic Bat reversal pattern. At the 50% retracement level it has formed a three candlestick bullish signal - Upside Tasuki Gap suggesting further upside. As long as it sustains above 51500 it could continue its up move till 54500 that is the 62% retracement and above that 57500...