Dinesh_C_Nagpal

Dinesh_C_Nagpal

In daily time frame its now breaching through a daily support and entering into the KUMO zone. In hourly it has given a breakdown at 208 Sustaining below 200 on closing basis could take it to 180. Any pullback till 208 could witness selling pressure.

Dinesh_C_Nagpal Updated 

Appears to be ending its hourly triangle. It could rally till 12475 provided it does not break 12150.

Dinesh_C_Nagpal Updated 

In daily time frame it has reversed from a Bearish Harmonic Crab. As per Ichimoku its likely to retest Kijun support. In hourly time frame it is at a crucial support of 285. Resistance comes in near 290.

Dinesh_C_Nagpal Updated 

After declining from a Bearish Harmonic Gartley in Daily Time Frame it is consolidating and attempting a pullback. In Hourly Time frame its completing its triangle corrective and is now at good support of 20400-20300. If it sustains above 20100 then it can retest 21000

Dinesh_C_Nagpal

It is showing signs of reversal from the PRZ of a Bearish Harmonic Deep Crab. It could retrace till 765-750 provided it does not move above 825.

Dinesh_C_Nagpal Updated 

In weekly time frame it is showing signs of revering from a Bearish Harmonic Cypher PRZ. In hourly time frame it has made a Bearish Harmonic Gartley and reversed. Failure to hold 490 on closing basis in daily time frame could be a trigger for the expected down move till 450. In hourly time frame trading above 513 would negate the move for now.

Dinesh_C_Nagpal

It appears to have formed a double bottom in lower time frame after the recent sell off. If it sustains above 260 then it could retest 275 where it finds its first level of resistance for any bounce/reversal.

Dinesh_C_Nagpal

In daily time frame CIPLA is on the verge of a breakout above 485. Above which it could go and complete the min bounce/reversal levels (510-520) of a Monthly AB=CD formed near recent low. It has very good support at 475-470.

Dinesh_C_Nagpal

Nifty 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

Dinesh_C_Nagpal Updated 

After making a double bottom it is now attempting to complete the Bullish Harmonic Dragon Pattern which suggests levels of 490 and 575. The view would go wrong if it sustains below 420. Double confirmation is weekly close above 440

Dinesh_C_Nagpal Updated 

Silver after reversing from a bullish Harmonic Gartley is retesting the PRZ which now coincides with the PRZ of two Bullish AB=CD patterns (60/162) & (78/127) If it can sustain above 16.35 then it could retest 17.40/17.75

Dinesh_C_Nagpal Updated 

It has shows reversal from the PRZ of a Bullish Harmonic AB=CD. It can retrace back to 1980-2000 as long as it does not breach 1900

Dinesh_C_Nagpal

Nifty IT had made a Bullish Harmonic 3 Drives Pattern (a pattern not found so regularly in our markets) which lead to a sharp rally and a higher low confirmation. It is now approaching a Falling Trend-Line which coincides with the PRZ of a Bearish AB=CD. As per Ichimoku also 16000 has a weekly resistance which might hinder/pause the trend. A breakout above it will...

Dinesh_C_Nagpal Updated 

It has given a breakdown which suggests it might test 435. The view would be negated if it manages a Daily Close above 456.50 or intra day moves above 463. Whichever comes 1st.

Dinesh_C_Nagpal Updated 

It has reversed from the PRZ of a Bullish Gartley and AB=CD. As long as it stays above 533 it can do a pullback till 550-560

Dinesh_C_Nagpal Updated 

COAL INDIA has made a Bullish Harmonic Shark today. If it holds 182 then it can retest 200-210

Dinesh_C_Nagpal Updated 

Reversed from the PRZ of a Bullish Bat, AB=CD & Alt Shark yesterday. It has covered the min retracement at 38% with a Bearish Shark. All happening within the slanting channel area. Further upside could be probable above the channel resistance of 11980-12000 while support comes in at 11910-11890.

05:08

Dinesh_C_Nagpal Updated 

Nifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From...