Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, December 3, 2019

Bearish Rising Wedge Gives Way



Daily Chart 




Tomorrow's action is important as a follow through is necessary to confirm the break.


 
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Happy Trading !!

Lakshmi Ramachandran

Wednesday, November 20, 2019

Nifty Slide More Likely



Daily Chart

 

 

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Happy Trading !!


Lakshmi Ramachandran

Sunday, August 11, 2019

Reigning The Nifty 11th August 2019


 
Weekly Chart 
 


Support taken on the important trendline from 2016.This makes low made at 10783 very important to hold for any upmove.A weekly close above 11311 will set upward momentum.


Daily Chart 
 

 Target 10825 achieved ! This also was area of 61.8% Fibo level of leg up from 10004.Technically an area to bounce and we may be seeing the start of one.
Overhead resistance of 200 ema at 11271.
 

Half Hourly Chart 

 
 However, the pullback seems to be lacking steam as can be seen by the failed breakout from the falling channel on half hourly charts.




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Happy Trading !!

Lakshmi Ramachandran

Tuesday, July 30, 2019

Quick Followup to "A Pullback In The Offing"



Daily Chart


  Half Hourly Chart 



The pullback with a gap up opening failed to see a follow through indicting extreme 

bearishness.Close was below 11108 opening possibilities of 10584 which is next support.So the target

 of 10825 is very achievable now!




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Happy Trading !!

Lakshmi Ramachandran

Monday, July 29, 2019

A Pullback In The Offing



Half Hourly Chart 




Half Hourly Chart 


Morning Star Bullish candle pattern with positive divergences


Daily Chart 
 


Bearish engulfing pattern in a downtrend is considered bullish.Positive Divergence on oscillators too.


Daily Chart 





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Happy Trading !!



Lakshmi Ramachandran