Reigning The Bank Nifty 28th December 2020

Weekly Chart 

 Hourly Chart 

Bullish above 30546 Mild Bearishness below 28977

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 28th December 2020

Weekly Chart 

 Daily Chart  

Hourly Chart

 Trend safely UP. The Broadening pattern is a bearish signal and a breakdown from it will be the first sign of weakness. 

 

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 21st December 2020

Weekly Chart 

Forgot to publish yesterday ! 

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Happy Trading !! 

Lakshmi Ramachandran

Nifty Still UPtrending

Weekly Chart

 Daily Chart 

Still UP

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Happy Trading !! 

Lakshmi Ramachandran

Nifty leaving participants breathless

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Trend is firmly UP. Being skeptical of the fast run up, we keep seeing bearish signals  and continue to trade light.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty

Weekly Chart 

Daily Chart

 

Possibility for achieving the channel target is still open.

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Happy Trading !! 

Lakshmi Ramachandran

Higher Highs on Skepticism

Daily Chart

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty and Bank Nifty 7th December 2020

Nifty Weekly Chart 

Nifty Daily Chart 

 Bank Nifty Weekly Chart 

Bulls still confident though many getting on the sidelines explaining the small bodied candles.

 Trade light for some more upsides for now unless reversal starts.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty

Daily Chart 

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Happy Trading !! 

Lakshmi Ramachandran

Gold Taken Support

Daily Chart of SPDR

Have been following Gold via SPDR on NYSE. Correction within the falling channel. Support taken on the support line and bounced back.

Hoping it will breakout of the channel.

Anyone has a take on Gold? Please comment if you do.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 1st December 2020

Monthly Chart

Weekly Chart 

Doji at over bought levels on weekly charts call for caution.

 Daily Chart 

Latest action has formed an expanding triangle showing volatality and indicating possible bearishness.

Nifty not showing signs of correcting as yet. However some sideways to down movement may be seen as indicated by the weekly doji and expanding triangle.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty and Bank Nifty 23rd November 2020

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Nifty showing no signs of exhaustion. Breaking out of the falling wedge will see Nifty resume the uptrend, failing which, the green channel comes into the picture offering support around 12000.

Bank Nifty Weekly Chart

No negatives yet in both the Indices. Trend is up so no shorts. Fresh longs with loads of caution.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty and Bank Nifty 17th November 2020

Nifty Weekly Chart

  Hourly Chart 

The upmove from 10790 which bounced off the 200 Dema seems to be be making a sideways move and could well make an attempt at the 13000 mark.

Bank Nifty Weekly Chart 

Bank Nifty could make an attempt to cross all time highs.

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Happy Trading !! 

Lakshmi Ramachandran

Momentum Lags Price

Nifty Weekly Chart 

Nifty Daily Chart 

Nifty has been climbing higher but with momentum slowing. This has led to most participants being cautious. I would continue to trade light instead of turning ultra bullish. Small profits are better than sudden huge losses.

Bank Nifty Weekly Chart 

Bank Nifty Daily Chart 

Bank Nifty looks on track to achieve 30000 with oscillators supporting the move. If it does the Nifty moves up too !

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Happy Trading !! 

Lakshmi Ramachandran

Bulls Defy Bears

Nifty Daily Chart 

Rising wedge once again ! Allows room till 12163.

Bank Nifty  Daily Chart 

61.8% at 26311.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 2nd November 2020

Monthly Chart 

 Weekly Chart 

Daily Chart

Nifty continues to tease inspite of bearish signals teaching us that Price is supreme.

Continue to be cautiously bullish.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 26th October 2020

Weekly Chart 

 Daily Chart 

  Hourly Chart 

The very short term indicates a possible upward breakout  as shown on the Hourly Chart. Holding 11650 may see Nifty targeting 12400. 

However caution required due to negative divergences on Daily charts. Trade light for the time being.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 19th October 2020

Nifty Daily Chart 

Nifty Daily Chart 

Huge negative divergences indicate Nifty will correct sooner than later.

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Happy Trading !! 

Lakshmi Ramachandran

Bullishness could continue

Nifty Weekly Chart 

The target of 11831 shown last week was surpassed and the fall from 11794 tp 10790 

 Bank Nifty Weekly Chart 

Till the uptrending channel is broken down possibilities of the upmove continuing is more.

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Happy Trading !! 

Lakshmi Ramachandran

Bank Nifty Could Move Higher

Monthly Chart 

 Weekly Chart 

Daily Chart

A hammer followed by a gap up on the last trading day which ended with a huge bullish candle should make the bulls optimistic for some more run up.

 

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Happy Trading !! 

Lakshmi Ramachandran

Cautious till 11794 is Felled

Monthly Chart 

 Weekly Chart  

Daily Chart 

Hourly Chart

Nifty could continue the pullback. But till 11794 is crossed be cautious !

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Happy Trading !! 

Lakshmi Ramachandran