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.


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

Happy Trading !!

Lakshmi Ramachandran

Reigning The Nifty

Half Hourly Chart 

 Daily Chart

 

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

 Happy Trading !!

 Lakshmi Ramachandran

A Pullback ?

  Half Hourly Chart 

Half Hourly Chart 

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

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

Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty

Daily Chart 

Hourly Chart

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

Happy Trading !!

Lakshmi Ramachandran

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).


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

Happy Trading !!

Lakshmi Ramachandran

Reigning The Nifty 29th June 2018

Weekly Chart 

 

Daily Chart 

 Monthly Chart

 


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

Happy Trading !!

Lakshmi Ramachandran