Dinesh_C_Nagpal

Dinesh_C_Nagpal

Hello & welcome to this analysis The index has entered into the potential reversal zone (PRZ) of a Bearish Harmonic ABCD pattern suggesting a higher probability of completion of an uptrend and likely reversal. The likelihood of reversal confirmation would require it to start sustaining below 5900 on weekly basis since this is a pattern formed in the monthly time...

07:40

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis using Ichimoku Multi Time Frame Analysis Stock has a history of lengthy periods of sideways correctives. The current scenario suggesting a trend line resistance if taken out then upside till 2250-2350 where it faces a major resistance. Support at 2050-25 if violated then next major support at 1900-1875. Anything below that would...

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis INDIABULLS group stocks - Housing Finance & Real Estate - a tale of two triangles if the lower trend line is saved then upper trend line is initial target and if it breaks above it then a lot more These are monthly charts so they will take their own sweet time, they are not for short term trading

09:18

Dinesh_C_Nagpal Updated 

Hello & Welcome to this analysis The outlook has been down from quarterly, monthly, weekly & daily chart study. Its been in a 2 years downtrend, now near a support but yet to give any reversal confirmation. If this level of 700 fails to hold the next major support comes in at 600. Overall its a wait and watch stock even from a bounce back point of view

10:06

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis on India's largest bank A strong uptrend which has recently seen a sideways corrective and the record date announcement of its merger with HDFC LTD could now see it give a strong up move pre-merger. If it manages to hold 1590-1610 then above 1670 it could rally till 1750-1850. Failure to hold 1590 could take it down towards...

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis In the weekly time frame it is showing a strong reversal with the activation of a Bullish Harmonic 5-0 pattern. It could do a rally till 19750 and above that till 23000 as long as it does not break 18750 Good risk reward set up in the current scenario

09:47

Dinesh_C_Nagpal

Hello & Welcome to this analysis Stock appears to have gone into a triangle correction since its OCT 2021 high and could be currently in its iii leg. Immediate resistance at 1490-1510, above that 1600 and then a bigger one near 1750. While support comes in at 1460, below that 1400 and v crucial trendline support at 1300, failure to hold that would drift this...

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis CNX 500 after a very lengthy period of sideways correction that started in OCT 2021 has shown a very strong reversal in APRIL 2023. The relative strength chart has now given a fresh signal of further strengthening of CNX 500 over NIFTY, suggesting that CNX 500 stocks shall outperform NIFTY stocks for quite some time. It also...

06:18

Dinesh_C_Nagpal

Hello & Welcome to this analysis It is now approaching a bearish Harmonic ABCD and it that process also forming a rising wedge suggesting some profit taking might come in. In the short term stock has support at 175-165 and below that near 150 where medium to long term investors would come in. It has resistance around 184-187, if it manages to breach above it...

05:14

Dinesh_C_Nagpal

Hello and welcome to this analysis After 13 years of downtrend its now trying to consolidate and form a higher low (March 2023) with the all time low made in March 2020. Stock is currently on a pullback of its trend line breakout with support at 40-36 and immediate resistance between 62-72. Sustaining above 72 it could rally till 125-170-270. While failure to...

Dinesh_C_Nagpal

Hello & Welcome to this analysis It completed an Elliott 5 waves from May 2022 lows to Jan 2023 high. Post that Wave A till Feb 2023 lows followed by a Wave B till this week's high. Today's reversal appears to be Wave C down that could probably take it to 115-110 where it appears to have a support based on the consolidation it has had in that area in the...

Dinesh_C_Nagpal

Hello & welcome to this analysis On the hourly time frame after giving a Hidden Bullish RSI divergence it is now giving an Inverse Head & Shoulder breakout that could take the stock to 450-460 as long as it stays above 425. Good risk reward set up at the current juncture.

Dinesh_C_Nagpal

Hello & welcome to this analysis WIPRO in the weekly time frame has activated a Bullish Harmonic Alt Bat. It could be accumulated between 360-415 for upside targets of 525-600. View goes wrong below 325

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis In the daily time frame after a very strong run in 2022-23 the stock is showing a reversal signal. It could test the Ichimoku kumo levels of 1550-1525 as long as it sustains below 1625.

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis In this chart we can see a diagonal breakdown which bought the stock down to 380 where it went into form a bullish harmonic cypher to be followed by a bullish RSI divergence It could now attempt further upside till 425, then 440 & 455 as long as it sustains above 400. Good set up for momentum at the moment.

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis From COVID lows in this weekly time frame its appears to be in its terminal 5th wave. After making an expanding diagonal (horn) in a sideways corrective its now set for an attempt for a new high which could see a medium term top formation in it. As per Elliott Wave after 5 up waves a stock goes into a corrective, since this is...

Dinesh_C_Nagpal

Helloo and welcome to this analysis In the weekly chart we can see an ABC from ATH to ATL This was followed by a diagonal which for now I have plotted as a Leading Impulse. A bearish diagonal would mean that the preceding ABC was a W and the diagonal was X. The decline after completion of the diagonal is also in the form of an ABC which could complete its path...

03:50

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis S&P on the eve of FOMC meet is at the slanting trendline with a diagonal ripe for a pullback/reversal 4017 needs to be breached on the upside 3950 if broken then more downside coming