DinyarNavroze

DinyarNavroze

Reliance could have hit its resistance at 1460 at Fibonacci agreement levels 0.786 expansion and 0.618 resistance.

DinyarNavroze

A clear cut wave 5 is seen. I have set the targets at Dinapoli points of Agreements. Targets are set according to Fibo time series.

DinyarNavroze

A medium to long term target using multiple indicators all confirming a downward trend. It looks like a 5th Wave downwards Guppy Multiple Moving average setup would be confirmed once the prices go below 25th April low. Dinapoli agreement (confluence between fibo retracement and fibo expansion)

DinyarNavroze Updated 

Nifty 5th Wave levels according to Dinapoli Agreemt levels. A confluence of Fibonacci Retracement and Fibonacci Expansion levels. The 5th Wave will begin only after it retraces from the 4th wave level highlighted area.

DinyarNavroze Updated 

1. To confirm the 5th wave downwards we are seeing ... a. Fibonacci retracement at 0.5 % level of the range (previous rally) b. Guppy fast moving averages have touched the slow moving averages and are seen to be coming down. c. The target could be 1.27 levels of the range along with the Fibonacci time extension.

DinyarNavroze

Nestle Bullish on 75 minutes chart as Chikou Span is above cloud. Additionally Nestle is Bullish on multiple moving averages also. Bullish signal is almost confirmed since the Price has gone above 14670

DinyarNavroze

Nestle is Bullish over 14700 according to Multiple Moving Averages

DinyarNavroze

Jindal Steel looks positive above 158 on 75 minutes chart.

DinyarNavroze Updated 

Considering the lagging Span closing above the clouds and the last bar closing high at the end of the market timing it could be said that SBIN is a good buy on Monday.

DinyarNavroze

The Ichimoku Cloud Chart reading combined with the iMTF Indicator shows that if the 31300 resistance is broken then Bank Nifty BUY shall trigger.

DinyarNavroze Updated 

On HDFC Chart 4th Nov. '19 Bar has closed above the cloud and today i.e. 6th Nov. the Chikou Span indicator is also showing above the cloud. It signals a very good setup to go LONG. There has also been an unwinding of CALL Open Interest at different strike prices. Its a good sign.

DinyarNavroze

Auto Sector especially Tata Motors is a good short when we analyse it on Guppy Multiple Moving Averages. You can short it below 30th September low and keep 27th High as Stop-loss.

DinyarNavroze

Guppy fast moving averages have crossed the slow moving averages on 30th Aug 19 and then again on 6th September. Can buy above the resistance of the high of 27th Aug Bar. Initial stop-loss for intraday traders could be below 12th Sep Bar or below 1200 if taking positional trade.