Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter http://twitter.com/#!/lucksr

Sunday, November 28, 2021

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.



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

Happy Trading !! 

Lakshmi Ramachandran

Saturday, November 20, 2021

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.



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



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.


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



Happy Trading !! 

Lakshmi Ramachandran

Saturday, November 13, 2021

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.



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


Happy Trading !! 

Lakshmi Ramachandran