Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, October 13, 2016

Bearish Cues



Daily Chart 



 
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Happy Trading !!

Lakshmi Ramachandran

Sunday, August 21, 2016

Technical Signs are Reliable



Weekly Chart 

   
Technical analysis is based on the fact that the current price reflects all actionable information about a stock. It reflects buying and selling by the market participants.Technical analysis assumes that the smart money has a strong opinion, probably backed by a serious dose of good information.Price patterns then emerge which indicate the direction of the next move.
( Some of the above words may have been picked from technical analysis articles)

The bottom being made was signalled well by candlesticks theory and oscillators.The last two weeks of February 2016 saw selling drying up with two smaller bodied candle after the huge bearish one made in the week ended 12th Feb.The huge white candle made in the week ended 4th March was confirmation of the selling having come to an end.

The inverted head and shoulder pattern signalled further bullishness with a test of the all time highs at 9119.The multiple shoulders being made signals we might as well make new all time highs !


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Happy Trading !!

Lakshmi Ramachandran

Saturday, April 30, 2016

Confluence of Support in the 7754 to 7782 Area



 Daily Chart  




 
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Happy Trading !!

Lakshmi Ramachandran

Saturday, March 19, 2016

Rally showing strength



Daily Chart
 


 Half Hourly Chart


The bottom identified in my last post has held well. Oscillators are moving above their strength identifying levels as can be seen on the daily charts.
Half hourly charts show a clear formation of an Inverted head and shoulder pattern.
Breakout above it's neckline at 7605 will see a  good move up !


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Happy Trading !!

Lakshmi Ramachandran

Saturday, February 13, 2016

Signs Of a Possible Bottom



Daily Oscillator Chart 
 

 Weekly Oscillator Chart 
  

Weekly Nifty Chart 



 
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Happy Trading !!

Lakshmi Ramachandran