Dinesh_C_Nagpal

Dinesh_C_Nagpal

Nifty is making a Cup & Handle in lower time frame, a breakout level coincides with the Bearish AB=CD between 9600-9650 which I had already suggested as a possible level in my previous tweets, view would go wrong below 9100. At the same time NIFTY IT in hourly is on the verge of an IHS breakout which suggest 13500 as a probable level. Both suggested levels could...

Dinesh_C_Nagpal Updated 

As expected it has declined to 50 from its highs. It has very strong support between 47-50. Sustaining below these levels could take it all the way back to 30-20, which in turn would be good for equities as a falling vix gets stability which leads to a calm recovery in terms of both PRICE & TIME, so what is being perceived a quick bear rally could turn out to be a...

Dinesh_C_Nagpal

It 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

Dinesh_C_Nagpal Updated 

It has reversed from a Bearish Harmonic Deep Crab which also coincides with a Weekly Ichimoku resistance. It could retest 540/515 if it fails to sustain above 580

Dinesh_C_Nagpal Updated 

It has given a fresh breakdown in hourly time frame which suggest a retest of 500 and then 460. View would be negated above 555

Dinesh_C_Nagpal Updated 

It is attempting a breakout as per Ichimoku in hourly time frame, which also happens to be a weekly resistance. If it manages to give an hourly close above 335 then it could test 370 and above that 425. View would negate below 315

Dinesh_C_Nagpal Updated 

It is showing signs of reversal from a Bearish Harmonic Alt Shark and has all activated a Bearish C Clamp per Ichimoku. It could retest 16250-15500-14500 as long as it stays below 17550

Dinesh_C_Nagpal Updated 

It 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!

Dinesh_C_Nagpal Updated 

Bharti Infratel has activated a Bullish C Clamp as per Ichimoku. It could test 180 provided it does not breach 155

Dinesh_C_Nagpal Updated 

Yesterday's Hourly Bearish Alt Shark did its min expected retracement of 38% till 8700 approx. Currently the set up suggests 9600 approx where three Bearish Harmonic Patterns are emerging. It also happens to be the 50% retracement of the Monthly Alt Shark reversal. Even as per Ichimoku the same zone 9600-9800 will act like a tough resistance. Markets seldom give...

Dinesh_C_Nagpal Updated 

Nifty is at the PRZ of a Bearish Harmonic Alt Shark in hourly time frame. If it fails to cross 9200 it might retest 8700-8600 and then it could resume this bounce rally from the monthly Bullish Harmonic Alt Shark for a 50% retracement till 9600-9800.

Dinesh_C_Nagpal

It has made a Bullish Harmonic Alt Shark in Weekly time frame. Sustaining above 16700 on closing basis could lead to the probability of a reversal/bounce till 19500/21500. View would negate below 15700

Dinesh_C_Nagpal Updated 

GOLD had a sharp sell off like equities in the 1st week of March due to Central Banks across the globe pumping liquidity and reducing rates. Besides the domino principle of one pulling the other (losses in equities globally being cleared via unwinding of long gold positions) as one asset manages the other in a systematic risk environment. Current set up suggest...

Dinesh_C_Nagpal Updated 

If 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...

Dinesh_C_Nagpal Updated 

Its a rarity to spot a bullish harmonic pattern showing signs of reversal nowadays that too in lower time frame. Here in hourly LUPIN has made a bullish Shark. It is showing strong support at 550. It could retest 600 provided it does not break 525.

Dinesh_C_Nagpal Updated 

Unless 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.

Dinesh_C_Nagpal Updated 

It is in the PRZ of a Bullish Harmonic ALT SHARK in Weekly time frame. A daily close above 1650 would add conviction for a probable move for next resistance at 1850-2000. Small time frame resistance at 1590-1625. For now the pattern would get negated below 1450

Dinesh_C_Nagpal

In 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...