Dinesh_C_Nagpal

Dinesh_C_Nagpal Updated 

It appears to have completed its pullback and is now attempting to break above its slanting trendline. Short term resistance at 930, above that medium term targets 975 & 1025. Short term view negates below 885.

Dinesh_C_Nagpal

CNX FINANCIAL is making a H&S in hourly time frame. Below 16200 it could cover the gap at 15800

Dinesh_C_Nagpal Updated 

As per Maruti / M&M spread chart. Maruti could outperform M&M from here onwards. A retest of 9 is possible provided 8.20 is not breached. The pair chart is suggesting Maruti will rally more and fall less than M&M Pair Spreads are high risk management set ups. They are not to be done in isolation but in sync. Those not affluent with them should refrain.

Dinesh_C_Nagpal Updated 

After giving a gap down its daily chart as per Ichimoku is suggesting a retest of 1675 which also coincides with a weekly support. Large Pvt Banks appear to be seeing profit booking since Friday and Kotak Bank in particular looks weak. View negates above 1870

Dinesh_C_Nagpal Updated 

It has made a bullish harmonic butterfly in daily time frame. It could retest 950/1025, above that a new high. View negates below 865. Stock is coming into derivatives from March Series onwards.

Dinesh_C_Nagpal Updated 

LT has activated a Bearish Ichimoku C Clamp in daily time frame. It could retest 1450 provided it does not move above 1575.

Dinesh_C_Nagpal

It appears strong both in the short term as well as medium term. It could test 150 (short term) and above that 165/190. For short term the view negates below 137

Dinesh_C_Nagpal

The media co owns DAINAK BHASKAR. It has given reversal signals in higher time frame suggesting 120 & then 175 as possible targets as long as it does not breach 85. It has minor resistance near 100. This is a medium term outlook based on weekly and monthly time frame

Dinesh_C_Nagpal Updated 

It has given a breakout in lower time frame suggesting 8000 as a likely level as long as it does not breach 7640

Dinesh_C_Nagpal Updated 

The pair chart is suggesting a reversal in Relative Strength from this level as it takes support near a rising trend line, suggesting Bajaj Finserv will outperform Bajaj Finance from here onwards. As per this the spread could now resume its uptrend till 1.95 and then 2.10, view negates below 1.72

Dinesh_C_Nagpal Updated 

It is showing signs of completion of a sideways corrective near its Kumo support. If it holds 357 on hourly basis it could retest 400, sustaining above it could take it till 450.

Dinesh_C_Nagpal

It continues to be on a bullish path and now after a minor pullback is trading above Weekly resistance. It could test 250 and then 275. Short term view gets negated below 227

Dinesh_C_Nagpal Updated 

It has turned from a Bearish Harmonic Bat in Weekly time frame. Sustaining below today's low 1587 would open the path for 1550/1500/1400. It faces strong resistance now at 1625, view negates above 1660

Dinesh_C_Nagpal Updated 

The introduction of the index into derivatives has come with a Bearish Alt Bat Harmonic pattern formed in Weekly Time Frame . A daily close below 15475 could lead to long unwinding that might make the index retest 15000 / 14000 . The view would be negated if it breaks above 15700 on hourly closing basis (after activating a down move)

Dinesh_C_Nagpal Updated 

It is at the top end of its rising parallel channel . As per Ichimoku it is also at a Price & Time Axis reversal . An hourly close below 14525 would validate the reversal for 14250/13750 . View would get negated if it gives a daily close above day high after triggering a down move.

Dinesh_C_Nagpal

In monthly time frame every time in the past whenever price has had a big gap with its Kijun the trend has reversed. Once again we are witnessing similar kind of extreme range levels. Since this is monthly it could take its time, a weekly close below 495 would be a trigger for retracement till 425-400

Dinesh_C_Nagpal Updated 

The volatility index tends to rise usually contra to Nifty. Currently at 21 has caused large red candles in hourly time frame today, further upside could be more lethal. A daily close above 22.50 will move it towards 24 and above that towards 30. A rising VIX suggests intra day moves get vertical with gap openings. Getting caught on the wrong side can cause...

Dinesh_C_Nagpal Updated 

It has reversed from Bullish Bat in hourly time frame. It could do a retracement till 570. View negates below 540