Dinesh_C_Nagpal

01:40

Dinesh_C_Nagpal Updated 

Three Bullish Harmonic Patterns in alignment in Monthly Time Frame Gartley / Butterfly / AB=CD Ichimoku study also suggests a pullback to Kumo around 18000 View goes wrong if it moves below 11600

Dinesh_C_Nagpal Updated 

A weekly close inside kumo (below 1400) could lead to further sharp selling as chikou is free for a down move till 1225-1200 (other end of kumo)

Dinesh_C_Nagpal Updated 

It has a weekly as well as daily resistance at 420 from where it has reacted. Unless it manages a close above it there is strong possibility it might retest support at 390-380 to confirm a higher low. Sustaining above 420 (on closing basis) could take it to 475

Dinesh_C_Nagpal Updated 

The retracement from the resistance could be ending here near a Bullish Cypher which is close to both daily and weekly support. The overall uptrend view along with this would get negated below 2085

Dinesh_C_Nagpal Updated 

Has entered into the PRZ (267-261) of a Bullish Harmonic Bat today. A bounce back till 280 and above that 300 is possible if the pattern does not get negated below 255.

Dinesh_C_Nagpal Updated 

Weekly time frame is showing a C Clamp while Daily time frame has given a breakout yesterday. It could test the next resistance near 225. View negates below 205

Dinesh_C_Nagpal Updated 

After giving a Cup & Handle breakout in daily time frame its consolidating around the neckline area 2840-2800. Upside opens for 2950. View would negate below 2780.

Dinesh_C_Nagpal Updated 

The reversal from Bearish Shark has retraced by 50% and has opened up the probability of a Bullish 5-O here which is giving targets of 2400-2450. View would negate below 2050. As per Ichimoku also it has good support between 2100-2060.

Dinesh_C_Nagpal Updated 

In weekly time frame it has shown consolidation near kumo while in daily its giving a breakout today above Kumo. An EoD close above 604 could take it to next level of resistance near 635. View negates below 588

Dinesh_C_Nagpal Updated 

It has entered into a PRZ of a bearish harmonic pattern AB=CD which is also inline with an Ichimoku time and price resistance. A retrace till 1450 from here. View negates above 1625

Dinesh_C_Nagpal Updated 

Nifty has entered into a Bearish Bat Harmonic Pattern PRZ today. However, the structure suggest that it will complete a Bullish 5-0 Harmonic Pattern. Any dip till 11550-11450 could see strong support which could then take this to 12000-12050 to complete this BAMM pattern

Dinesh_C_Nagpal Updated 

It has made a bearish harmonic Alt Shark and an Evening Star Doji. A pullback till 675-650 is probable. A weekly close below 715 would be ideal. View negates above 735

Dinesh_C_Nagpal

In hourly time frame has made a Bullish AB=CD in a slanting channel structure. If 11480 holds then a bounce back to 11600 is probable from here 11515

Dinesh_C_Nagpal Updated 

It is forming a Bullish Harmonic Dragon which suggests levels of 260/285, double confirmation above 238. View would negate below 215. As per Ichimoku analysis also 438 is the hurdle for the up move.

02:24

Dinesh_C_Nagpal

Weekly resistance at 11375, Daily support at 11175. Narrow range 11375-11100, break on upside could see 11550 while on the downside 10950. Most likely to be within the narrow range for the entire week as results start pouring in and we witness stock specific reactions.

Dinesh_C_Nagpal Updated 

As expected now trading at the upper end of the range. In hourly time frame it has entered into a Bearish Harmonic Pattern Shark prz. As per Ichimoku also its currently at both hourly and weekly resistance. A retest of yesterday's low near 11200 is probable. View would negate if it sustains above 11425.

03:33

Dinesh_C_Nagpal Updated 

Nifty is still trying to establish a Higher Low post Sept 20 vertical move. Expecting the range now to get squeezed between 11400 on the upside to 11100 max 10900 on the downside. Smallish bounce possible if the Bullish Harmonic AB=CD sustains near 11100. Out of the woods only above 11400

Dinesh_C_Nagpal Updated 

It has made a Bullish Harmonic Gartley today in daily time frame. As per Ichimoku it is trading at weekly support. The decline could halt here and it could see some bounce back till 650-675. View negates below 584