Reigning The Nifty 27th May 2019

Weekly Chart 

  

Weekly Chart 

Monthly Chart

Negative divergences persist on weekly and monthly charts so one needs to be booking profits to be on the safer side.

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Happy Trading !!

Lakshmi Ramachandran

Technically Speaking

Weekly Chart 

Half hourly charts show a higher high higher low formation indicating a leg up in progress.
However, Gap resistance which coincides with 80% retracement level may prevent more upsides.

Half Hourly Chart

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Happy Trading !!


Lakshmi Ramachandran

Correction Should Continue

 Half Hourly Chart 

 H n S Target almost done and positive divergence showing on Half Hourly Charts so a mild pullback could happen if the gap support holds.

Half Hourly Chart

Daily Chart 

Oscillators on daily charts showing weakness but fast reaching oversold areas.11000 needs to hold to prevent a larger fall. 

Weekly Chart

 Weekly candle shows a good amount of bearishness supported by weak oscillators.

Trendline support @ 10695 as of May 31st and strong support at lows of 9951.

 Till Gap resistance at 11657-11712 is crossed bearishness will continue.

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Happy Trading !!

Lakshmi Ramachandran

Technically Speaking - - -

Half Hourly Chart 

 

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

Lakshmi Ramachandran