Dinesh_C_Nagpal

Dinesh_C_Nagpal Updated 

GOLD if it manages a MONTHLY "close above $1825" (all time high) it will activate probable targets of $1975 & $2075

Dinesh_C_Nagpal Updated 

It has made a Bearish Harmonic Alt Shark near the trend line resistance. It could retrace till 220, view negates above 238

Dinesh_C_Nagpal

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

Dinesh_C_Nagpal Updated 

It is on the verge of a H&S breakdown suggesting 74.40/74.25 if 75 is breached.

Dinesh_C_Nagpal

It appears to have completed a pullback of the IHS breakout it gave last week. It could rally till 215 & 245 as long as it does not go below 180

Dinesh_C_Nagpal Updated 

Both CNX FINANCIALS & NIFTY PVT BANK indexes have made Bearish Harmonic AB=CD which also happens to be v close to their weekly & monthly Ichimoku resistance. Financials could retrace till 10500 while Pvt Banks could retrace till 11500. View would negate if they move and sustain above 11500 & 13100 respectively.

Dinesh_C_Nagpal

In weekly time frame it will activate a Bearish Ichimoku C Clamp if it closes below 3900 tomorrow. In daily time frame it has entered inside a Kumo (suggesting increase in volatility) It could retest 3650/3350 where it has strong support. Resistance at 3925 and 4000

Dinesh_C_Nagpal Updated 

In hourly time frame it has given a breakout which suggests a probable retracement till 1110/1140 as long as it does not breach 1040

Dinesh_C_Nagpal Updated 

It is on the verge of a breakout above 440 in daily time frame which indicates further upside 1st till 465 and then till 520 as per weekly time frame. The view would be negated below 425

Dinesh_C_Nagpal Updated 

It has made a Bearish Harmonic Deep Crab here. It could do a pullback till 825/800 provided it does not go above 885.

Dinesh_C_Nagpal Updated 

It appears to have completed its retracement after a breakout. Further upside till 4050/4200 could be probable if it can sustain above 3825

Dinesh_C_Nagpal

Bank Nifty which reversed from a Bearish Bat yesterday has done a 38% pullback and is near a Bullish AB=CD (21800), if it fails to hold 21750 then a retest of 21400 would be on the cards. Below that further weakness till 20500. Above 22200 rally resumes for 24000.

Dinesh_C_Nagpal Updated 

It has made a bearish Harmonic AB=CD pattern. Sustaining below 365 could lead to a pullback till 335 and lower. View gets negated above 377

Dinesh_C_Nagpal

It has activated an Ichimoku bearish C Clamp in weekly time frame and has entered into the Kumo in daily time frame which is also in sync with weekly for its next downside level at 15000. The view would be negated above 17300

Dinesh_C_Nagpal Updated 

It appears to have completed its counter trend of a major counter trend. As long as it holds 9725 on closing basis it could now resume a trend for 10500/11250. Double confirmation would be a close above 9970

Dinesh_C_Nagpal Updated 

As per Ichimoku study it has completed its pullback post the breakout within a rising channel which suggest a probable rally till 575 provided it does not go below 495.

Dinesh_C_Nagpal Updated 

It has activated a Bullish C Clamp in Weekly time frame. While in the daily time frame after showing some consolidation inside the Kumo is now attempting to resume a short term rally provided it does not go once again below 2350. It faces resistance at 2800 and 3300

Dinesh_C_Nagpal Updated 

Today's weak opening and recovery so far looks similar to the lower circuit and recovery on March 12, 2020, we know what followed next. BOTTOMS are RARELY made in V shape. They consolidate before gaining momentum. Intra day and stock specific would be a different matter, else let the mayhem fizzle out then look for reversals. Resistance at 9800.