Dinesh_C_Nagpal

Dinesh_C_Nagpal

It has made a Bearish Harmonic Bat in daily time frame. It could retrace till 1200/1175/1100 provided it does not start sustaining above 1270 once again. Harmonic Patterns are derived from Fibonacci Ratios when each angle of retracement aligns to confirm a reversal probability of 38-50-62 % of the existing trend.

Dinesh_C_Nagpal

It continues to follow the Higher High Higher Low path since March lows. Keeping the same in mind it could rally till 1325 as long as its above 1260

Dinesh_C_Nagpal

It is at the PRZ of a Bullish Harmonic AB=CD Pattern suggesting a bounce/reversal provided it holds 346. It's expected reversal levels are 390 & 405 AB=CD Harmonic Patterns are derived out of specific Fibonacci Ratios which form parallel running channels appearing in the shape of a thunderbolt.

Dinesh_C_Nagpal Updated 

Nifty is attempting a reversal from a Bullish Harmonic Alt Shark in hourly time frame which coincides with an Ichimoku Kumo support in daily time frame. If it manages to sustain above 11100 it could retrace back to 11275/11350. There is strong resistance now at 11425. Break of 11050 on closing basis will lead to further weakness/selling pressure. Harmonic Trading...

Dinesh_C_Nagpal

It has activated a Bullish Ichimoku C Clamp probability in hourly time frame. The probability will be negated below 1018 while resistance is at 1070. Ichimoku analysis works on the alignment of specific moving averages comprised of conversion line, base line, leading lines, lagging line and Cloud

Dinesh_C_Nagpal

Nifty has initiated a Bullish Harmonic Pattern 5-O which has the PRZ of 11450-11400. As long as it sustains above 11300 it could rally till 11775-11850. Further confirmation would be hourly sustenance above 11570. Bullish 5-O are 6 points Harmonic Patterns usually preceded by a Bearish Alt Shark. The pullback from the Alt shark in this case happens to be a...

Dinesh_C_Nagpal

It has turned from a Bullish Harmonic Butterfly and could now retrace till 128/131 as long as it holds above 122. Butterfly Patterns are 5 pt Harmonic reversal/bounce set ups based on specific Fibonacci Ratios.

Dinesh_C_Nagpal Updated 

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

Dinesh_C_Nagpal

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.

Dinesh_C_Nagpal

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...

Dinesh_C_Nagpal

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...

Dinesh_C_Nagpal

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

Dinesh_C_Nagpal

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.

Dinesh_C_Nagpal

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...

Dinesh_C_Nagpal

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!

Dinesh_C_Nagpal

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

Dinesh_C_Nagpal

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

Dinesh_C_Nagpal

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