Dinesh_C_Nagpal

Dinesh_C_Nagpal

Hello and welcome to this analysis Stock has made a bullish Harmonic Gartley and in this process has also made a double positive regular RSI divergence. After such a sharp downfall stock has done a couple of candles in a consolidation zone and now could rally till 1600 with a smallish block near 1525, as long as it does not breach below 1380. Good risk reward...

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis In the monthly time frame we can see two parallel channels running the path. The first one is a wider rising channel which has now come down to its lower end of the channel after completing a 1.6x fibonacci target. The second one is the narrower falling channel from its peak. The decline appears to have come to a halt at the...

Dinesh_C_Nagpal

Hello and welcome to this analysis In the weekly time frame its given a wedge breakdown and followed it up with a throwback to resume its down move again. In this process it has also activated a Bearish Head & Shoulder pattern. Resistance is now at 1600 while support comes in at 1275 (with a minor one near 1460)

Dinesh_C_Nagpal

Hello & welcome to this analysis on one of India leading Pvt banks In the weekly time frame its forming a Bearish Head & Shoulder pattern suggesting below 1640 (neckline) for a possible downside till 1475. At the current moment it faces resistance at 1725 and 1750. Unless those levels are not broken on the upside it remains one of the weakest banks in the Bank...

Dinesh_C_Nagpal

Hello & welcome to this analysis As nifty tests (and probably is to move further down) India VIX appears to have bottomed out. This suggests volatility spike is very likely to happen from here onwards. VIX spikes lead to gap openings and large candle formations intra day. There is a high probability that VIX could test 18 & 20 if it sustains above 16. While...

Dinesh_C_Nagpal

Hello & welcome to this analysis on OIL INDIA In the weekly time frame it has activated a Bullish Harmonic Sea Horse pattern suggesting possible continuation of rally till 325-350 in the medium term The pattern would be considered negated below 200 A decent good risk reward set up Good luck with investing

Dinesh_C_Nagpal

Hello & welcome to this study on daily time frame As per Ichimoku it is seeing a rejection near a cloud with future kumo still bearish. It could now do a pullback till 1250 (with interim support near 1290) as long as it remains below 1340. From the daily base line support (expected retracement level from here) a fresh rally could take place for 1450 (provided...

Dinesh_C_Nagpal

Hello and welcome to this analysis The stock has been in a decline since Sept 2021, all bounces have so far been sluggish as it continues to make a lower high lower low pattern. It was removed from Nifty Next 50 hence the recent exit pressure from Index based funds In the immediate short term due to a heavily oversold scenario a dead cat bounce appears to be in...

Dinesh_C_Nagpal

Hello and welcome to this analysis In the daily time frame is in the PRZ of a Bullish Crab. An hourly close above 500 could see a bounce (if not reversal) till 600-650 with 440 as an invalidation of the pattern. All the best

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis In the monthly time frame a comparison between the period which happened between 2018 - 2020 and the current one from June 2022 till now suggests a lot of similarity in path. In the current scenario its taking support at the lower end of the channel and consolidating. if 17300 is held then it could resume its uptrend for the...

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis In the 15m time frame a Bullish Harmonic 5-0 has been activated indicating the probability of 18075 as a possible level for now as long as it does not go below 17920. Around 18075-18100 it has a trendline resistance, if that is broken then next resistance would be at 18250 and 18450 Good risk reward set up here

Dinesh_C_Nagpal

Hello and welcome to this analysis In the monthly time frame it formed a Bearish Harmonic ABCD in JAN 2022 near 590 and since then has retraced 62% of its last leg. In the weekly time frame it has formed a Bullish Harmonic Gartley around 315 suggesting the correction is most likely over. It can be a good stock to accumulate between 330-370 for upside levels of...

Dinesh_C_Nagpal

Hello and welcome to this analysis In the month of December 2022, Govt announced divestment which lead to gap down openings on the consecutive days. the 2nd gap down activated a Bearish Island Reversal. From 600 it appears to have completed a Dead Cat Bounce and now could continue its downtrend. It has resistance at 650 while support comes in at 610 and below...

Dinesh_C_Nagpal

Hello and welcome to this analysis Stock has made a Bullish Harmonic Bat reversal suggesting a bounce back to 675 and 745 as long as it sustains above 590 (hourly basis) Smallish resistance near 615 and above that at 645 Good risk reward set up at the current juncture Happy Investing

Dinesh_C_Nagpal Updated 

Hello & welcome to this analysis In the monthly time frame we can see the stock has broken and continues to trade below the Ichimoku Base line support, suggesting a likely test of the Ichimoku clouds in the coming months. In the weekly we can see a Head & Shoulder formation with the right shoulder withing a parallel channel. Sustaining below $205 (weekly) this...

Dinesh_C_Nagpal

Hello & welcome to this analysis On daily time frame a Bullish Harmonic Gartley has been activated suggesting a bounce till 18350/18500. Sustaining above 18650 would be an attempt for ATH. The pattern will be negated below 18100 spot

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis ICICI BANK on daily time frame has initiated a Bullish Harmonic Reciprocal ABCD pattern. It could bounce back to 925-935 if it does not break 898 Bounce candidate in a lower time frame oversold scenario

Dinesh_C_Nagpal Updated 

Hello and welcome to this analysis Stock continues to make higher highs and higher lows with rounding bottom formations each time. In the short term it looks set for a flag breakout. Upside possibility till 7500 and 7900 as long as 7050 is not broken. Good risk reward set up as it build momentum Happy Investing