Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, May 28, 2020

Short Term Upward Momentum Intact




Daily Chart 




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Happy Trading !!


Lakshmi Ramachandran

Nifty Breaks Out




Daily Chart 




Nifty broke out of the trendlines with a bullish candle. This is reassuring to bulls and we may turn mildly short term bullish for targets of 9584-9889. A close below 9000 will negate this view.



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Happy Trading !!


Lakshmi Ramachandran 

Wednesday, May 27, 2020

Nifty at an Important Crossroad




Daily Chart 



A break above 9255-9300 area will be a bullish move having crossed the falling channel as well as the long term trend line.However crossing of the previous high made at 9584 should be awaited for confirmation of bullishness.

A failure to breakout from the trendiness will see the down move continue.



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Happy Trading !!



Lakshmi Ramachandran

Tuesday, May 19, 2020

Downtrend In Nifty Resumes




Daily Chart




The Nifty formed a bearish Rising Wedge in the bounce after the crash.A confirmation of the downtrend resuming is evident from a Lower high and Lower Low being formed after breaking down from the Rising Wedge.


The Rising Wedge  has a technical target of 7155.




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 Happy Trading !!



Lakshmi Ramachandran 

Tuesday, May 5, 2020

NIFTY CONFIRMS REVERSAL



Daily Chart 






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Happy Trading !!


Lakshmi Ramachandran