Dinesh_C_Nagpal

Dinesh_C_Nagpal Updated 

It appears to have completed its pullback post recent breakout. It could now rally till 440 & 475. View would negate below 404

Dinesh_C_Nagpal

The weekly bullish Harmonic reversal appears to have completed its pullback from the 38% level, It is on the verge of a breakout in daily time frame above 13400 which indicates the possibility of 15000 (50% retracement) with a minor resistance at 13800. View negates below 12900

Dinesh_C_Nagpal Updated 

After giving a breakout in daily time frame it appears to have completed its pullback near the hourly/daily kumo support. As long as its above 820 it could attempt a rally towards 870 and above that an ATH for 925

Dinesh_C_Nagpal Updated 

It has entered into the PRZ of a Bearish Harmonic Butterfly suggesting a pullback/reversal in daily time frame till 340/335. View would negate above 370 Harmonic Butterfly Patterns usually indicate pullbacks of the larger trend (in this case the same being up) not major reversals. Such patterns are usually associated with breakout patterns and respective pullbacks.

Dinesh_C_Nagpal

At the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high. The index constitutes of all the large Banks and large Finance companies. Harmonic Bat is a 5 points...

Dinesh_C_Nagpal

Crude oil has given a fresh breakout after weeks of consolidation. This breakout could test $ 45, 48 & 51 (INR 3250, 3500 & 3800) provided it does not retrace beyond $41.30 (3070)

Dinesh_C_Nagpal Updated 

It has given a breakout in daily time frame suggesting further upside till weekly resistance at 370 then 390. Negation for this view would be below hourly Kijun at 340. Ichimoku is a Japanese origin study based on a cluster of specific Moving Averages corelating Price and Time of a trend.

Dinesh_C_Nagpal Updated 

As per Ichimoku Multi Time Frame Analysis it has given a bullish breakout in hourly time frame and a close above 321 would confirm so in daily time frame also. As long as it sustains above 316 it could continue the uptrend till 350

Dinesh_C_Nagpal

It has made a Bearish Harmonic AB=CD today along with a negative bearish divergence. The mid point of the parallel channel coincides with the Ichimoku Kijun support near 12500. Failure to hold the level on hourly basis could trigger a short term decline till 12250-12000 which coincides with the expected fibonacci retracement of the bearish pattern, Ichimoku Kumo...

Dinesh_C_Nagpal

The next frontier for Nifty if it manages to sustain above this parallel channel resistance (12450-500) is near 13500, else a dip down to breakout area of 11900-12100.

Dinesh_C_Nagpal Updated 

It has reversed from a Bearish Harmonic Alt Shark which could see a retracement till 318/310/300. The view would negate above 332. Harmonic Trading Patterns are derived from Fibonacci ratios which create various patterns indicating reversal/retracement of trend in the time frame spotted.

Dinesh_C_Nagpal Updated 

It might be forming a THREE VALLEYS & A RIVER in hourly time frame. It has two bearish Harmonic Trading Patterns at 11875 (Deep Crab) and at 11975 (Alt Shark). "If" a REVERSAL were to occur from that zone then the downside expected levels could be 11750 / 11550 / 11400. The negation point would be at 12020

Dinesh_C_Nagpal

DJIA which turned from a Bullish Harmonic AB=CD is now approaching the PRZ (28600-28800) of a Bearish Harmonic AB=CD. Like in the bullish instance which coincided with Ichimoku support, here too the expected resistance tallies with an Ichimoku weekly resistance and a falling trend line. View would negate above 28900

Dinesh_C_Nagpal Updated 

DJIA is at the PRZ of a Bullish Harmonic Pattern AB=CD which coincides with the Ichimoku support both weekly as well as daily. Failure to hold 26000 will trigger a medium term correction in it. For now resistance at 26800/27100/27500.

Dinesh_C_Nagpal Updated 

Bearish Harmonic Alt Shark

Dinesh_C_Nagpal Updated 

It continues to take support on any dip near its Kijun (Ichimoku Analysis) support regularly making higher highs and higher lows. This time too its attempting a resumption of trend which might take it to 1475 / 1525 if it manages to hold above 1375 on hourly basis. Ichimoku is a Japanese study based on Moving Averages wherein the alignment of certain specific ones...

Dinesh_C_Nagpal Updated 

Both Nifty & Bank Nifty are at an Ichimoku Price & Time axis equilibrium today with Nifty probability of a Double Top and Bank Nifty at a Bearish Harmonic Reciprocal AB=CD. Nifty has support at 11750 while Bank Nifty has support at 24650. Breach of both could lead to further downside till 11400 & 23000 respectively. View would negate above 12100 & 25200...

Dinesh_C_Nagpal Updated 

HDFC Bank reversed from a Bearish Harmonic Bat and now has activated a Bearish C Clamp as per Ichimoku study. It faces resistance at 1210 and it could retrace till 1130/1080 provided it does not breach above 1240 Harmonic Trading Patterns are formations based on Fibonacci Ratios which indicate reversal of a trend with retracement levels of 38-50-62% of the trend...