It has come to an Ichimoku Kumo support on daily time frame. In lower time frame it has given signs of reversal. It could retest 378 / 390 / 410 if it stays above 362. Ichimoku is a Japanese study based on specific Moving Averages wherein just like Dow Theory the analyst with a one glance deciphers if price is above Kumo or below looking for an equilibrium set up
Titan has continued to make higher highs and higher lows respecting the daily kijun support. It could move now towards 1225-50 (where it will test a weekly trend line) if it holds 1160.
Post SEBI's circular on Multi Cap this chart warrants attention. The current reversal which has seen the Small Cap Bullish revival is now at a monthly as well as weekly support of a Spread Strength Comparison of Nifty / Small Cap. For further out performance of Small Cap Index over Nifty (Large CAP) this support has to broken decisively. Else it might once again...
Nifty had reversed from a Price & Time axis equilibrium on August 31. It appears to have completed an Ichimoku wave yesterday very close to major support of 11150. Will consider this turnaround for now as a bounce for now till 11500 and above that 11650 provided it can take out 11415. Support comes in at 11250. Ichimoku study is trend is based on time, price is...
It has activated a Bullish Cypher in hourly time frame. As long as its above 923 it can retest 945/950 Cyphers are 5 point Harmonic Patterns based on fibonacci ratio alignments
DJIA is at the PRZ of a Bearish Harmonic Butterfly which suggest it could retrace till 27000. Pattern would be negated above 28600 Harmonic Trading Patterns work as reversal signals based on Fibonacci ratios, Butterfly is one such pattern.
Harmonic Trading Patterns have several patterns, one among them is AB=CD, currently CNX 500 has shown a reversal from the PRZ signifying bearishness. Fresh bullishness as per the pattern would happen only if it negates the pattern above 9500, the strength of the pattern reversal would further accelerate below 9000 for its expected retrace levels as per theory...
Kumbhakaran has been on snooze mode for the last 4 months. Its back to a monthly/weekly support. Only a break and sustains below 16 will slumber mode continue. Alarm bells will start ringing at 21, above 24 will be fully awake!
It has entered into the PRZ of a Bearish Harmonic Butterfly in daily time frame. It could retrace back to 117/114 provided it does not go above 128.50
It appears bearish in mutli time frames Weekly - Ichimoku C Clamp Daily - Crown Pattern Hourly - Rounding Pattern It could retest 16000/15300. View negates above 16900
It is on the verge of an Inverse Head & Shoulder Breakout at 445. It could rise till 475-490 (with minor resistance at 455-460 - island reversal zone) as long as it does not breach 435
The sideways hourly corrective appears to have ended. It could rally now till 1070/1090/1150 as long as it does not breach 1020.
Nifty Pharma has activated a Bearish Harmonic Alt Shark in weekly time frame. A shallow correction wont breach 10500-10750 while a deeper one would test 9500. View negates above 11500
Nifty: Monthly range 11350-10725 Weekly support 11050 resistance 11350/11475/11750 Daily support 11000/10850 resistance 11300 Hourly Butterfly at 11025, if it fails to hold then 10900 likely. Bank Nifty: 21000 crucial level for any attempt to bounce/reverse back for 22700 and above that rally till 23750-24000
GOLD if it manages a MONTHLY "close above $1825" (all time high) it will activate probable targets of $1975 & $2075
It has made a Bearish Harmonic Alt Shark near the trend line resistance. It could retrace till 220, view negates above 238
The WEEKLY time frame has activated a Bearish Harmonic Shark. If it sustains below 1250 then it could retest 1200 and below that 1075. View would negate above 1270