Dinesh_C_Nagpal

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

Dinesh_C_Nagpal Updated 

It is at a Bearish Harmonic Pattern AB=CD prz. A reversal from here could take it to 1750/1650 levels. Confirmation for that would come if it sustains below 1840 for an hour. In that case view would negate above 1880

Dinesh_C_Nagpal

In monthly time frame it has just entered into a Bullish AB=CD prz level. With a Bullish Gartley near 380. As per Ichimoku there is a monthly support near 370 which is sync with time axis. From a medium term prospective a bounce back for 500-550 is probable.

Dinesh_C_Nagpal Updated 

Cipla (Monthly time frame) is close to a breakdown level 470. Sustaining below that (monthly closing basis only) will see further acceleration in downtrend. The next major support is at 425-400 below this level.

03:05

Dinesh_C_Nagpal Updated 

Weekly range 11300-11750. Narrower range 11375-11625. Looks more likely to be a range bound week than a trending week.

Dinesh_C_Nagpal Updated 

It has bearish Harmonic Pattern PRZ levels between 1320-1345 > AB=CD & Alt Shark at 1320 and Gartley at 1345. As per Ichimoku also it faces resistance in this zone. A pullback till 1250 is probable. View negates above 1360

Dinesh_C_Nagpal Updated 

It has entered into two bearish harmonic patterns >> PRZ - Bat and AB=CD. A retracement till 130-125 is probable. View negates above 145

Dinesh_C_Nagpal Updated 

It has made a Bullish Cypher near a Kumo in daily time frame. It can retrace back to 800 provided its does not go below 758

Dinesh_C_Nagpal Updated 

Today's low is the PRZ for a Bullish AB=CD. If it sustains above 335 then it could see a reversal till 350-360.

Dinesh_C_Nagpal Updated 

At bearish Butterfly PRZ level. Could retrace till 290. View gets negated above 325

Dinesh_C_Nagpal Updated 

At a Bearish Crab PRZ. Also as per Ichimoku Analysis at a Kumo resistance. It could retest 750. View negates above 795

Dinesh_C_Nagpal Updated 

Nifty now at a Bearish harmonic AB=CD, for further upside it needs to sustain above 11200 else some profit taking of this whirlpool swing is coming! Also near a thick Kumo resistance. Take it easy till not sustained above 11200 for fresh upside. Enjoy the burst move, take a chill, enjoy the weekend.

Dinesh_C_Nagpal Updated 

At Hourly Bullish Harmonic Gartley PRZ. View would be negated below 690

Dinesh_C_Nagpal

Nifty is trading near daily support of 10925. If it fails to hold 10850 (closing basis) then next major support comes in close to 10400. Above 11000 we can expect short covering / rally till 11125/11250 with major resistance at 11350.

Dinesh_C_Nagpal Updated 

It is now at Bearish Harmonic Butterfly PRZ level of 316-20. As per Ichimoku study also it has resistance at 319. A reversal from here could give a dip till 290. View would be negated above 327

Dinesh_C_Nagpal

It is making a bullish Harmonic Gartley in hourly time frame with PRZ near 122.50. If the level of 120 holds can expect a bounce back to 126-128

Dinesh_C_Nagpal

It is trading near daily Kumo near a Bullish Harmonic Shark and Bullish AB=CD. A bounce back to Kijun at 2220 and more towards 2275 could be possible. View negates below 2120.

Dinesh_C_Nagpal Updated 

It has reversed from a bearish Gartley PRZ in daily time frame. As per Ichimoku study a retest of Kijun/Kumo appears possible which coincides with the Harmonic Trading Pattern retrace expectations (56000-55500). The view would go wrong if it sustains above 58900 on closing basis.