WDG_Dinesh_Gengarajan

WDG_Dinesh_Gengarajan Updated 

Dear Traders, I hope this message finds you well in your trading endeavors and personal pursuits. I am excited to share a compelling opportunity with you through a new NIFTY analysis that sheds light on the continuation of the market shift. The recent upward movement & the following correction in the market have unfolded as anticipated. Over the past...

WDG_Dinesh_Gengarajan Updated 

Dear Traders, I trust this message finds you well in both your trading endeavors and personal pursuits. I am pleased to present a compelling opportunity through a new NIFTY analysis that indicates an imminent significant market shift. The recent upward surge in the market has prompted concerns, as my analysis over the past two months has consistently pointed to...

WDG_Dinesh_Gengarajan

Dear Traders, I trust this message finds you well in both your trading endeavors and personal pursuits. I am pleased to present a compelling opportunity through a new NIFTY analysis that indicates an imminent significant market shift. The recent upward surge in the market has prompted concerns, as my analysis over the past two months has consistently...

WDG_Dinesh_Gengarajan Updated 

Hello Traders, I hope you are all thriving both in your trading endeavors and in life. Today, I bring you an exciting opportunity with a new analysis of NIFTY that's poised for a significant move. Our in-depth analysis reveals that... NSE:NIFTY As anticipated and previously mentioned, the past week ended on a negative note (pre-Budget). This week holds the...

WDG_Dinesh_Gengarajan Updated 

At this juncture, nifty is expected to correct to the mentioned levels & to continue its rally towards 25,000 ~ 25,400 levels before any monthly correction can happen. The correction will be progressing through various barriers of supports(FIBONACCI & T.lines). SI - 24,162 SII - 24,010 SIII - 23,881 ~ 23,855 levels (V.imp support coincidence of .5% & mid...

WDG_Dinesh_Gengarajan Updated 

As it happens there seems to be some strength left in the bullish cycle. This is based on the fact that the trendlines that were resisting till now can't hold it anymore & need much stronger resistance which is where the market is headed (to 24,300 levels) All of this analysis is attributed to the development of interim weekly correction that collapsed the overall...

WDG_Dinesh_Gengarajan Updated 

The move testing the highs of 21st JUN is about to conclude, following which the correction begins in one larger degree. the trendlines & supports can be seen in the charts Important points of support will be, SI - 22,665 SII - 22,535 to hold temporarily SIII - 22,130 ~ 21,830 SL - Any higher moves beyond 23,750 PS: The correction has equally arguable alternate...

WDG_Dinesh_Gengarajan Updated 

As mentioned before the logic remains valid for today. the market is expected to inch higher to the levels mentioned below & after which the correction progresses. The levels RI - 23,526 (1.382 FE) R II - 23,580 ~ 23,598 (TL (mid) Intersection - very strong); a SHORT trade here is rewarding!!! RIII - 23,636 (1.414 FE); highly unlikely to be tested in this...

WDG_Dinesh_Gengarajan

On hourly time frame, there is a possibility of an ending diagonal formation. The same when formed can act as a strong confirmation of an ending. Watch out for today's high to be tested by a marginal increase.

WDG_Dinesh_Gengarajan Updated 

There is a possibility that the market is being interrupted by the intersection of two strong resistances (mid-trend line intersection) which calls for a correction in the monthly time frame. However, the penultimate move is yet to be completed. The market is about to test the previous day's low @23,442.60 & after that, there will be a...

WDG_Dinesh_Gengarajan Updated 

The market is facing an interim correction from today's high (as we can infer the pattern completion in Hourly charts (11-3-&7). It will fall to the areas through the supports as mentioned below, The support will be as follows 23318,23157 & 23,035 (strong)~22960. Apart from these, the coincidental areas can be found between trendlines & retracement as projected...

WDG_Dinesh_Gengarajan Updated 

The current trend is the resumption of down trend from 18887 on dec 1, 2022. This trend will continue till it reaches .236 levels (16210) of retracement ( from 7511-18887). Moreover this ongoing downtrend will be steep, consuming almost lesser time frames before the new uptrend emerges. References: 1. wiz - leadbrains blog