Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, December 10, 2018

9955 Levels A Strength Test For Nifty Bulls



Daily Chart 




 

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Happy Trading !!

Lakshmi Ramachandran

Thursday, November 29, 2018

Reigning The Nifty An Update



Half Hourly Chart 






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Happy Trading !!

Lakshmi Ramachandran

Thursday, November 15, 2018

Reigning The Nifty an Update



Daily Chart 


 Stiff resistance around 10700 to 10858 needs to be overcome to avoid meltdown on break of 

neckline at 9951-10000.


Half Hourly Chart

 

Negative divergence on half hourly charts.This may lead to a fall or just sideways move.But moving up may prove difficult.


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Happy Trading !!

Lakshmi Ramachandran


Monday, October 29, 2018

Positive Divergence At Strong Support Level



Daily Chart  

 


Daily Chart 

 



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 Happy Trading !!

 Lakshmi Ramachandran

Sunday, October 14, 2018

Reigning The Nifty 12th October 2018



Half Hourly Chart 


  
Half Hourly Chart 


Feels like looking through a microscope for signs of a reversal. Saw Positive divergences and a higher high higher low which could be signalling a pullback finally.

Half Hourly Chart

 

Looks like 38.2% level which coincides with the gap resistance could be  the barrier.



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Happy Trading !!
 
Lakshmi Ramachandran

Sunday, September 30, 2018

A pullback in a downmove




Monthly Chart 



 Daily Chart 



Daily Chart


Half Hourly Chart 



With the Nifty having almost completed the head and shoulder pattern target,  with positive divergences on the oscillators appearing and strong support of the 200 day Ema and channel closeby , a short term pullback, within a long term bearish scenario, could be expected.


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Happy Trading !!

Lakshmi Ramachandran

Tuesday, September 11, 2018

A Head and Shoulder Pattern threatening !




 Half Hourly Chart 



 Break of Neckline at 11400 will see a target of 11000 !




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Happy Trading !!

Lakshmi Ramachandran

Monday, September 3, 2018

Correction Due for the Nifty as per Monthly Charts



Monthly Chart 




Rising wedge with huge negative divergence in Rsi14 and Macd indicate correction due.



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 Happy Trading !! 

Lakshmi Ramachandran

Sunday, August 26, 2018

Nifty Could attempt 12000 !


 Weekly Chart


The channel target is 12069  but RSI 14 is overbought and so is Stochastics and shows negative divergence alongwith MACD. One needs to lighten positions and keep booking profits as Nifty attempts to reach  heady heights.

      

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Happy Trading !!

Lakshmi Ramachandran

Bank Nifty - Time to be cautious



Weekly Chart 


 Rising Wedge with falling momentum indicating a fall due


 Half Hourly Chart 


Potential double top forming on Half Hourly Charts support  the start of a fall.


 Daily Chart


Strong supports on Daily Charts


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Happy Trading !!

Lakshmi Ramachandran

Sunday, August 5, 2018

Reigning The Nifty as on 3rd August 2018



Daily Chart 
 

Daily Chart 



Uptrend intact.Negative divergence cautions.For now, strong support around 11170 is the key to uptrend continuing.

 

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Lakshmi Ramachandran

Sunday, July 29, 2018

Reigning The Nifty - Weekly Charts



Weekly Chart 



 Weekly charts continue to show bullishness and a channel target of 11440 is a possible target.However the second chart shows momentum is not keeping up with price which calls for caution.Booking profits on the way up would be prudent.


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Happy Trading !!

Lakshmi Ramachandran

Friday, July 27, 2018

Reigning The Nifty



Half Hourly Chart 


 Daily Chart


 
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 Happy Trading !!


 Lakshmi Ramachandran

Thursday, July 26, 2018

A Pullback ?



  Half Hourly Chart 




Half Hourly Chart 


 A rising wedge broken down and negative divergence on all oscillators ! Expect a pullback.



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Happy Trading !! 

Lakshmi Ramachandran

Tuesday, July 17, 2018

Reigning The Nifty



Daily Chart 


Hourly Chart




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Lakshmi Ramachandran

Thursday, July 5, 2018

Equilateral Triangle



Daily Chart


 Seems like the breakout on the upside is gathering steam.Stiff resistance area with gap and previous high at 10929 ! If  happens with good bullish momentum new highs should be seen.

Personally have been expecting this new high to complete the fifth wave ( as per my amateurish wave count).


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Happy Trading !!

Lakshmi Ramachandran

Sunday, July 1, 2018

Reigning The Nifty 29th June 2018



Weekly Chart 

 

Daily Chart 



 Monthly Chart


 


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Happy Trading !!

Lakshmi Ramachandran

Thursday, June 28, 2018

Bullish Patterns under threat !



Half Hourly Chart 



 

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Lakshmi Ramachandran

Tuesday, June 26, 2018

Bullish Patterns (in the making) Sighted !



Half Hourly Chart 




Half Hourly Chart



 Long Term charts are still bullish supporting the view of a possible all time new high.
Low of 10753 needs to hold for the right shoulder to form well.
Low of 10701 needs to hold for the handle to form well.
Breakout points almost coincide with the highs made at 10837-10893-10925.
 


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Lakshmi Ramachandran

Monday, June 25, 2018

Hanging Man Candle Pattern May See Downmove



Weekly Chart 




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Lakshmi Ramachandran

Sunday, June 17, 2018

Indecision Continues



Weekly Chart 



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Lakshmi Ramachandran

Thursday, June 14, 2018

Half Hourly Charts Indicate Some Correction

 
Half Hourly Chart 


 Negative Divergence coupled with a rising wedge which has been broken down


Daily Chart

 
 
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Lakshmi Ramachandran

Sunday, June 3, 2018

Reigning The Nifty - Getting Tricky With The Sideways Move



Weekly Chart 



Daily Chart


Half Hourly Chart





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Lakshmi Ramachandran

Monday, April 30, 2018

Nifty To Make New High ?



Hourly Chart 


 
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Lakshmi Ramachandran

Monday, April 9, 2018

Reigning The Nifty - A Review



Hourly Chart 



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Lakshmi Ramachandran

Friday, March 2, 2018

Reigning The Nifty - Long Term Charts


Monthly Chart



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Lakshmi Ramachandran

Sunday, February 25, 2018

Reigning The Nifty - Does the Pennant Target Still Hold ?



Half Hourly Chart 



Breakout from Pennants normally lead to a similar and sharp move in the same direction as the Pole.However, rarely a pullback is seen close to the breakout point.

Nifty seems to be seeing such a pullback. The target of the blue triangle which formed is at 10545.Strong resistance from the 20 dema and 50 dema is at 10555.High possibility that the downtrend continue after hitting these resistances.


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Lakshmi Ramachandran

Tuesday, February 20, 2018

Reigning The Nifty - Target 9500


A  pennant is a continuation pattern  which forms when the price rallies/falls sharply, then moves sideways or slightly to the downside/upside. This sideways movement typically takes the form of a small triangle (pennant). The sideways period is often followed by another sharp rise/fall.


The Nifty just broke down from a Pennant - marked in red.


Half Hourly Chart 



 The  momentum seen during the forming of the flag pole -marked in green-- could continue once the pattern completes. Therefore expect a move down for the Nifty of a measure the size of the flag pole from the point of breakout.


Half Hourly Chart 



Strong support at 9500
The pennant target measures to 9675 which is also strong support area marked in red dotted line. The 50% fibo support of move from 7894 to 11171 is at 9511. Support on rising wedge on monthly charts, shown in my last post, is at 9500. 

 Monthly Chart


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Happy Trading !!

Lakshmi Ramachandran