Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, October 24, 2020

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

Sunday, October 18, 2020

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

Sunday, October 11, 2020

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

Saturday, October 3, 2020

Bank Nifty Could Move Higher


Monthly Chart 


 Weekly Chart 


Daily Chart


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

Friday, October 2, 2020

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

Sunday, September 27, 2020

Weakness Persists in Bank Nifty


Weekly Chart 


 Daily Chart 


 Hourly Chart


Bank Nifty has already retraced around 55% of the rise from March lows showing bear strength.A fall below the 61.8%  level of 19598 will probabaly lead to make fresh lows.



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Happy Trading !! 

Lakshmi Ramachandran

Downtrend confirmed


Weekly Chart 


 Daily Chart 


 Hourly Chart 


The pullback on the last trading day will hit strong resistance in the 11100 to 11200 area as marked in the chart below.

Hourly Chart showing Resistance



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Happy Trading !! 

Lakshmi Ramachandran

Saturday, September 19, 2020

Range Bound Markets


Weekly Chart 


 Daily Chart 


Hourly Chart 


Bank Nifty Weekly Chart


Bank Nifty Daily Chart



The sideways move on Nifty could break out either way.Bank Nifty is clearly drifting down within the range. 

 I would continue to be cautious. 



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Happy Trading !! 


Lakshmi Ramachandran

Sunday, September 13, 2020

Bank Nifty Confirms Bearishness


Weekly Chart 


 Daily Chart 


 

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Happy Trading !! 

Lakshmi Ramachandran

Lower high Lower low in place


Weekly Chart 


 Daily Chart 


Nifty has recovered 50 % of the fall from 11794 to 11185.A lower high lower low is in place confirming a short term downtrend. Only a close above 11585 will negate this.

 Five Minute Chart 



The correction is within a falling channel as shown on the 5 minute chart.A breakout from the channel will be the first sign of the upmove resuming.



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Happy Trading !! 

Lakshmi Ramachandran

Sunday, September 6, 2020

Reigning The Bank Nifty 7th September 2020


Weekly Chart 


A Dark Coud cover is a bearish reversal pattern and the Bank Nifty has formed a classic pattern of the same on the weekly charts.

 Hourly Chart 


Technically bearishness will be confirmed only on a break of the 21028 lows.


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Happy Trading !! 

Lakshmi Ramachandran



Nifty could see a reversal


Weekly Chart 


The weekly candle formed a bearish engulfing candle. The pattern indicating a reversal is quite strong as, Nifty has been in an uptrend since almost 24 weeks,
the pattern formed with the bearish candle which totally engulfed the previous bullish candle,
and, the size of the bearish candle was significant. The hourly chart depicts the intensity of the fall.
The oscillators are showing negative divergence.

 Daily Chart 


The uptrendline of the upmove from April lows has been broken by the bearish candle and Nifty has failed to close above it since.

 Half Hourly Chart 


Till the gap and lower high of 11585 is not taken out the Nifty remains weak.


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Happy Trading !! 

Lakshmi Ramachandran

Tuesday, September 1, 2020

Update 1st September 2020


Monthly Chart 


 Daily Chart 


 Bank Nifty Daily Chart 


We need to see further action to decide futher trades.



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Happy Trading !! 

Lakshmi Ramachandran

Sunday, August 30, 2020

Reigning The Nifty and Bank Nifty 31st August 2020


Nifty Weekly Chart 


 Nifty Daily Chart 


 Closing at present levels tomorrow keeps Monthly charts bullish. Weekly is bullish too.


Bank Nifty Weekly Chart



Bank Nifty looks good for continuing the upmove thus keeping Nifty moving up too.



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Happy Trading !! 

Lakshmi Ramachandran

Sunday, August 23, 2020

Reigning The Bank Nifty 24th August 2020


Weekly Chart 


 Daily Chart 


 Half Hourly Chart 


Bank Nifty showing signs of an upside breakout.If it happens Nifty will move up too.


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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 24th August 2020


Nifty Weekly Chart 


 Nifty Daily Chart 


 Half Hourly Chart 


In the present scenario where bear flags are appearing every now and then I am more comfortable keeping supports in mind and booking small profits at every oppurtunity  to do so.



follow me on twitter http://twitter.com/#!/lucksr 

Happy Trading !!

Lakshmi Ramachandran

Sunday, August 16, 2020

Reigning The Bank Nifty 17th August 2020


Weekly Chart


 Daily Chart 




follow me on twitter http://twitter.com/#!/lucksr 

Happy Trading !! 

Lakshmi Ramachandran