Dinesh_C_Nagpal

Dinesh_C_Nagpal Updated 

It has made a Bullish Cypher in hourly time frame. A bounce back to 2425 is possible provided it does not go below 2325

Dinesh_C_Nagpal Updated 

It is showing signs of reversal from the PRZ of 2 Bullish Harmonic Patterns: Gartley & Alt Shark. If it sustains above 132 it could retrace till 145-150

Dinesh_C_Nagpal Updated 

It is making a Bullish reciprocal AB=CD in daily time frame. It could bounce back to 2475/2500 provided it does not go below 2325

Dinesh_C_Nagpal Updated 

Almost every year India VIX tends to test the lower end of its range and reverses sharply in JAN. A trigger for this usually is the Annual Budget (Vix rising as a lead up to the event). It appears that the same scenario might be repeated in 2020. However, this time we have a global trigger as well which could fuel the rise in VIX (as and when it happens) Gold &...

Dinesh_C_Nagpal Updated 

Ashok Leyland appears to have completed a diagonal which is v close to weekly ichimoku resistance. A retest of 78-75 could be possible if it were to sustain below 89. Q3 results are expected on Feb 13

Dinesh_C_Nagpal Updated 

Tata Global in daily time frame has activated a C Clamp suggesting retest of 355. It's hourly is also suggesting a H&S breakdown below 379. Resistance at 390. View negates above 400

Dinesh_C_Nagpal

USD/INR appears to be within a sideways corrective. Appears like one more dip before it starts another up move. FM could give a short term boost to INR/Banking today in her budget speech

Dinesh_C_Nagpal Updated 

Nifty 15mins TF is at the PRZ of a Bullish Shark. Settlement bounce for now till 12100, post which will review for more or not. View negates below 12030

Dinesh_C_Nagpal Updated 

Maruti in the very short term looks weak within a sideways corrective which suggests it could test 6800-6700 which tallies with a bullish Harmonic pattern as well as Ichimoku Kumo support provided it does not go above 7350. Near the suggested level of support it could resume a medium term uptrend.

Dinesh_C_Nagpal Updated 

Is trading within an expanding triangle. Today's O=H (so far) near the upper end of the channel. If it sustains below 1540 (closing basis) then it could test the lower end of the channel near 1475. Resistance comes in at 1580 for now.

Dinesh_C_Nagpal

It is making a Bullish Harmonic Dragon - probable levels of 3600 & 4100 with strong support at 3150-3100.

Dinesh_C_Nagpal

Nifty India Consumption had witnessed a 50% reversal from a Bearish AB=CD. Post which it is now getting very close to a Bearish Harmonic Alt Shark near 5240, the outer limit of this pattern tallies with the outer limit of the previous bearish pattern at 5270. If this pattern works out as expected then this last leg of rally could see some profit booking and retest...

Dinesh_C_Nagpal

Monthly chart is in Tiger Shroff mode "Abhi to maine start kiya hai!" Sustaining above $19.40 will explode for $23-25. Else will consolidate between $ 19-17 for sometime before resuming this uptrend.

Dinesh_C_Nagpal Updated 

After reversing from a Bearish Harmonic Crab, it took support at an Ichimoku Kumo cloud from where it bounced back to the Kijun resistance at 1560 in daily time frame. In hourly time frame it is near an important Kumo support. If it holds above 1510 it can retest 1575-1600

Dinesh_C_Nagpal

After giving a strong reversal from a monthly Bullish Harmonic Bat it is now getting ready for another rally with minor resistance between 360 and support coming in at 340-330. Wait for breakout or dip to support. Next resistance at 390/450

Dinesh_C_Nagpal

It has made a Bearish Harmonic Alt Shark in hourly time frame. If it fails to go above 218 it could retrace to 205-200

Dinesh_C_Nagpal Updated 

Nifty hourly is at the PRZ of a Bearish Harmonic Cypher. It also happens to be a resistance as per Ichimoku in hourly time frame. A retracement till 12100 could be probable from here provided it does not give an hourly close above 12250.

Dinesh_C_Nagpal Updated 

Nifty is at the PRZ of a Bullish AB=CD. Expecting a bounce back 12100. View would be negated below 11940