Reigning The Bank Nifty 27th December 2021

Weekly Chart 

 Daily Chart 

 Daily Chart 

The weekly candle could be signaling a pause in the downtrend, the daily oscillators show minor positive divergence. A pullback may be in the offing!

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 27th December 2021

Weekly Chart 

 Daily Chart 

 Daily Chart 

 Divergence on daily charts may see some more pullback.

However, the Trend is down as indicated on charts with the strategy being sell on rise.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 20th December 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

The trend is still down. 

However a sustained trade and close above 17639 for the week can see a trend reversal.

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Happy Trading !!

Lakshmi Ramachandran

Reigning The Bank Nifty 20th December 2021

Weekly Chart 

A bearish engulfing pattern just like in Nifty which could be bullish if trades and closes above the pattern's high at 37581 on weekly charts.

 Daily Chart 

 Hourly Chart 

If the neckline which is around 35400-35500breaks the target fall could be around 5000 points.

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Happy Trading !!

Lakshmi Ramachandran

Reigning The Nifty 13th December 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

The trend may have turned up. Fall below 17170 will weaken the recovery.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 13th December 2021

Weekly Chart 

Weekly charts saw a Morning star pattern indicating a possible reversal of the downtrend. Though a bigger white candle would have been more desirable. A higher-high higher low candle on weekly charts and 

daily Macd is going into buy adds to the credibility of the trend reversing. 

 Daily Chart 

 

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 6th December 2021

Monthly Chart

Weekly Chart

 Daily Chart 

 Hourly Chart 

Head and Shoulder target almost achieved. Efforts to recover need a close above 17500.

Monthly charts give a target of 15390.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 6th December 2021

Monthly Chart

Weekly Chart

 Daily Chart 

 Hourly Chart 

Monthly charts confirm bearishness.Weekly charts indicate a pause in the fall which needs to cross the 

gap 36869-37388 to continue the pullback.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 29th November 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Target as per patterns is 16620. All trendlines are broken so we need to see recovery signs before looking for a pullback or revival. Till then it favours the bears.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 29th November 2021

Weekly Chart 

The rising channel from 30405 was decisively broken giving a target of around 34000. Supports are marked. A break below the green trendline will mean a correction of the entire rise from March 2020 as shown below.

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Multiple supports available in the 36000-34700 area. If does not hold then entire rise will correct.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 22nd November 2021

Weekly Chart 

 Daily Chart

 Hourly Chart 

Neckline intact.Waiting for it to break  along with the previous low of  17613.

 OR  

If crosses above 18210 as a first step to resuming bullishness.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 22nd November 2021

Weekly Chart 

 Daily Chart

Weekly charts still maintained within uptrending channel. However, Daily charts show a clearer picture of the  lower high lower low sequence thus ending the uptrend as per Dow theory.

Hourly Chart

Only a close and trade above 39117 would signal a recovery in the short term.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 15th November 2021

Weekly Chart

 Daily Chart 

 Hourly Chart 

Situation  much the same as last week after a weak attempt to move up. 

Break of neckline will see the fall resuming.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 15th November 2021

Weekly Chart

 Daily Chart 

 Hourly Chart 

Positive divergence in hourly charts may lead to some pullback before resuming the fall.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 8th November 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Break below 17600-17500 will see a melt of around 1000 points.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 8th November 2021

Weekly Chart 

An Inside day after last week's Outside day indicates hesitation by bulls and bears.But since the trend has been up it is prudent to assume that the bulls are faltering and the bears could get an upper hand.

 Daily Chart 

 Hourly Chart 

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Happy Trading !! 

Lakshmi Ramachandran