Dinesh_C_Nagpal

Dinesh_C_Nagpal

Hello and welcome to this analysis on XAUUSD (Comex Gold) Today its at the PRZ of a Bearish Harmonic Cypher in weekly time frame. 4 hourly candle close below $1970 would trigger a sell signal. Until then wait and watch. The next Bearish Harmonic Pattern is a Deep Crab which has a PRZ around $2060 Harmonic Patterns are v early contra signals, traders can wait for...

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis on STATE BANK OF INDIA On FEB 15, it showed a very strong reversal after 5 days of steady decline from 550 to sub 500. Currently on the hourly time frame it is completing a bullish flag and pole pattern suggesting upside levels of 535-540 as long as it does not break below 510. Good Risk Reward set up here

Dinesh_C_Nagpal

Hello and welcome to this analysis on TATASTEEL After consolidating near 1050 it gave a sharp bounce back within a corrective structure that went onto test its falling upper trend-line. Now as long as it does not sustain above last THURSDAY high there is a strong probability of resumption of its downtrend in the Z leg of the complex WXYXZ it has initiated from...

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis on TATASTEEL From the recent highs after a tremendous rally for around 15 months TATASTEEL reversed and has so far shown all indications of a complex corrective within a falling channel. After completing a WXY in end NOV near lower channel it bounced back to the upper end of the channel but in a corrective structure till mid JAN...

Dinesh_C_Nagpal

Hello and welcome to this analysis for medium term in NTPC As per Ichimoku study it has given a trendline breakout suggesting accumulation between 135-145 for an upside till 200. The view would be invalid below 115

Dinesh_C_Nagpal Updated 

Welcome to this analysis on VOLTAS It has made a Bearish Harmonic Gartley Pattern on daily time frame on 14-01-2022. Today it has shown a reversal from the PRZ and is currently forming a Bearish Engulfing Candle Derivative data is also suggesting Fresh Short positions are taking place currently in it. It could do a retracement till 1250-1225 as long as it does not...

Dinesh_C_Nagpal Updated 

Hello and a warm welcome to this analysis on ETHUSDT Let's 1st have a look at what it has done from MAY 2021 onwards From MAY 2021 till July 2021 it completed an abcde corrective triangle and in the process made a Bullish Harmonic Deep Crab Pattern. This was followed by a strong reversal till early NOVEMBER where it completed a Bearish Harmonic AB=CD pattern. From...

Dinesh_C_Nagpal Updated 

Hello and a warm welcome to this analysis on BANKNIFTY Bank Nifty in its hourly time frame has activated a Bearish Alt Bat suggesting the possibility of a decline till 37250-37000 as long as it does not trade above 37425 spot levels,

Dinesh_C_Nagpal Updated 

Hello and a warm welcome to this analysis on NIFTY At today's high of 17285 Nifty activated two bearish harmonic patterns, namely, Reciprocal ABCD (140/70) and Straight ABCD (70/140). These suggest that unless 17290 is not broken Nifty could retest 17050/16950

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Dinesh_C_Nagpal

Hello A warm welcome on this Ichimoku analysis on DIVIS LAB Currently stock in a no fresh trade zone. Key levels to watch either below 4400 or above 4525

Dinesh_C_Nagpal

Hello and a warm welcome to this analysis on Bank of Baroda In daily time frame it has made a Bullish Harmonic Gartley and in hourly it has made a Bullish Regular RSI Divergence. Both suggesting a pullback till 85-90 as long as it does not breach 78.25

Dinesh_C_Nagpal Updated 

Hello and a warm welcome to this analysis using Ichimoku and Harmonic Patterns We can see in daily time frame A bearish butterfly near 4200 in early SEPT lead to a sharp decline till end OCT to 3200. Now in the bounce back it has activated a bearish reciprocal ABCD that is near the falling trend line. As per Ichimoku we can see the Base line has gone very far from...

Dinesh_C_Nagpal

Hello and a warm welcome to this analysis on USDINR - FED meet coming up later tonight. It is currently trading at the upper end of a diagonal channel. It has a Bearish Three Drives Harmonic Pattern coming up with a PRZ near 76.75. Expecting it to cool down from there and likely retest the lower end of the channel around 75.25. The view negates above 77

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis on Nifty In 15min time frame Nifty has activated a Bullish Harmonic Reciprocal AB=CD which could give a bounce back to 17250 and more Overall structure above 17300 would activate a higher low set up for more upside. Pattern goes invalid below 17065

Dinesh_C_Nagpal

Hello and a warm welcome to this analysis on BTCUSDT On daily time frame we can see 5 waves down - Wave A from APRIL 2021 to JULY 2021 followed by Corrective abc up - Wave B from JULY 2021 to NOV 2021 which looks like a double top/horizontal B then another Minute impulse down - Wave 1 of C currently it appears to be making Wave 2 of C which could retrace till...

Dinesh_C_Nagpal Updated 

Hello and a warm welcome to this analysis on Nifty. It has activated a Bullish Harmonic AB=CD which is suggesting a bounce back to 17600-17800 from these levels. The view would get negated if it trades below 17175 Harmonic Patterns are based on specific Fibonacci ratios which when found in Market Geometry shapes lead to change of trend - bounce/reversal as long as...

Dinesh_C_Nagpal

Nifty is moving within a rising channel. After testing the falling trendline it now appears to be all set to break it. Based on this it could rally till 18175 and 18375 as long as it does not break 17900 from here onwards Risk Reward for the trade set up looks good

Dinesh_C_Nagpal Updated 

Hello and a warm welcome to this analysis on NIFTY It has activated a Bullish Harmonic Reciprocal AB=CD at 17835 which also coincides with hourly time frame Ichimoku kumo support. As long as it sustains above 17790 it now has the potential to rally till 18200-18300. Harmonic Patterns are based on patterns which have specific ratios which signal reversal of trend....