Dinesh_C_Nagpal

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

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