Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, July 31, 2021

Reigning The Nifty 2nd August 2021


Monthly Chart


Monthly charts are still robust, continuing to make a higher low higher high candle for the month. However, the candles for the last two months being dojis show some indecision. Oscillators still showing strength but in the overbought area.

Weekly Chart 


 Daily Chart 


The first breach of the uptrend line from March 2020 saw a higher high and low in the sideways move. The present breach is seeing a lower high and low in the sideways move. With negative divergences on the weekly and daily oscillators, this could be a red flag to take cognizance of.

 Daily Chart 


No change in stance with the continuing sideways move. Continue a neutral strategy.



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Happy Trading !! 


Lakshmi Ramachandran

Sunday, July 18, 2021

Reigning The Nifty 19th July 2021

Weekly Chart 


 Daily Chart 


 Hourly Chart 


The Rounding pattern shown from sometime -check posts of and older than 21st June --has a target of around 16700. Macd has given a buy on daily charts which is a positive.


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Happy Trading !! 


Lakshmi Ramachandran

Reigning The Bank Nifty 19th July 2021


Weekly Chart 



 Daily Chart 


Bank Nifty has broken out of the equilateral triangle on the upside indicating bulls are in control.
However, break above 35811 did not sustain and the close was below it. This keeps the guess game on though with a flicker of hope for the bulls that the rise may continue.




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Happy Trading !! 


Lakshmi Ramachandran

Saturday, July 10, 2021

Reigning The Nifty 12th July 2021


Weekly Chart 


 Daily Chart 


 Hourly Chart 


Not much has changed with the sideways move other than the ascending triangle failed reversing the sideways move with upward bias to downward bias.

A trend will emerge on break of Resistance at 15915  OR  Support at 15633-15430.



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Happy Trading !! 


Lakshmi Ramachandran

Reigning The Bank Nifty 12th July 2012


Weekly Chart


 Daily Chart


Hourly Chart 


Weekly candle is a shooting star at resistance of 35811. This should normally be followed by a lower high lower low bearish candle to confirm it's bearishness. 

Daily chart shows a failed breakout from the triangle.

Sideways moves always confuse.Just keep in mind the supports and resistance levels.
> 35811 expect some upward move and < 35811 supports are at 34650-33910.





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Happy Trading !! 

Lakshmi Ramachandran