Nifty Daily Chart
Bank Nifty Daily Chart
Sideways move continues with a mild downward bias.
Happy Trading !!
Lakshmi Ramachandran
Thursday, July 30, 2020
Sideways Move Continues
Happy Trading !!
Lakshmi Ramachandran
Tuesday, July 28, 2020
Update 29th July 2020
Nifty Daily Chart
Bank Nifty Daily Chart
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Happy Trading !!
Lakshmi Ramachandran
Sunday, July 26, 2020
Reigning The Nifty 27th July 2020
Monthly Chart
Oscillators moving up from oversold zone indicating more upside possible. Buy the huge dips.
Weekly Chart
Daily Chart
Trade with caution as Nifty is close to strong resistance. However as long term charts show room for more upsides one could look for corrections to enter long positions.
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Happy Trading !!
Lakshmi Ramachandran
Friday, July 24, 2020
Reigning The Nifty and Bank Nifty 24th July 2020
Nifty Weekly Chart
Bank Nifty Weekly Chart
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Happy Trading !!
Lakshmi Ramachandran
Monday, July 20, 2020
Bank Nifty 20-07-2020
Daily Chart
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Happy Trading !!
Lakshmi Ramachandran
Reigning The Nifty 20th July 2020
Weekly Chart
Daily Chart
Nifty may be in a mature state of the uptrend.Buy only on dips and trade with caution.
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Happy Trading !!
Lakshmi Ramachandran
Friday, July 17, 2020
Reigning The Nifty 17th July 2020
Nifty Daily Chart
Nifty Hourly Chart
Happy Trading !!
Lakshmi Ramachandran
Thursday, July 16, 2020
Reigning the Nifty
Nifty Hourly Chart
Nifty Hourly Chart
Nifty Hourly Chart
Expanding triangle redrawn as there may be a leg up.
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Happy Trading !!
Lakshmi Ramachandran
Monday, July 13, 2020
Expecting Weakness in Nifty and Bank Nifty
Nifty Daily Chart
Minor negative divergence on RSI 14
Bank Nifty Daily Chart
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Happy Trading !!
Lakshmi Ramachandran
Sunday, July 12, 2020
Reigning The Nifty 13th July 2020
Weekly Chart
Daily Chart
Hourly Chart
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Happy Trading !!
Lakshmi Ramachandran
Friday, July 10, 2020
Update 10th July 2020
Nifty Daily Chart
Hourly Chart
Nifty continues to remain in bullish territory. However, bearish signals need to be kept in mind as
overbought conditions may prompt bulls to give way.
Bank Nifty Daily Chart
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Happy Trading !!
Lakshmi Ramachandran
Thursday, July 9, 2020
Bank Nifty Update
Daily Chart
Half Hourly Chart
Shooting star will attract the bears and the double bottom breakout the bulls.Time for both to tighten stops.
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Happy Trading !!
Lakshmi Ramachandran
Nifty Confirms Bearishness of Hanging Man
Daily Chart
Half Hourly Chart
So bearishness of the hanging man was confirmed.Till the high made at 10848 is not taken out on a closing basis bears rule.
Till the red uptrendline from 7511 is not broken bulls can make a comeback.
A lot of pork to be eaten meanwhile ! 😀
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Happy Trading !!
Lakshmi Ramachandran
Wednesday, July 8, 2020
Bank Nifty Intraday Update
Half Hourly Chart
Bank Nifty will confirm a double bottom if manages a close above the 21967 high today.
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Happy Trading !!
Lakshmi Ramachandran
Bank Nifty Update
Daily Chart
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Happy Trading !!
Lakshmi Ramachandran
Nifty Defies The Bears
Daily Chart
A classic Hanging Man candle pattern was formed. This is a reversal signal, but of course, needing confirmation today with Nifty moving lower and closing lower too.
RSI 14 is in the overbought zone making it more reliable if today prices were to move lower.
Daily Chart
Half Hourly Chart
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Happy Trading !!
Lakshmi Ramachandran
Tuesday, July 7, 2020
Nifty and Bank Nifty Update
Nifty Daily Chart
Bank Nifty Daily Chart
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Happy Trading !!
Lakshmi Ramachandran
Sunday, July 5, 2020
Nifty Frought With Resistances
Weekly Chart
Daily Chart
Hourly Chart
As is visible on each of the charts Nifty is frought with resistances.The rising wedge too has reached a point which makes it's bearishness irrelevant if the break down does not happen with a leg down immediately.
Keeping tight stops on longs and waiting for the breadown to create shorts would be prudent.
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Happy Trading !!
Lakshmi Ramachandran
Bank Nifty Struggles
Weekly Chart
Daily Chart
The 38.2% retracement levels is proving difficult to cross.In the circumstances bias of the Inside day
proving bearish may seem more likely.
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Happy Trading !!
Lakshmi Ramachandran
Friday, July 3, 2020
Stiff Resistance Ahead For Nifty
Daily Chart
Weekly Chart
Happy Trading !!
Lakshmi Ramachandran
Thursday, July 2, 2020
Nifty Sluggish
Daily Chart
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Happy Trading !!
Lakshmi Ramachandran
Wednesday, July 1, 2020
Nifty Update
Hourly Chart
Had to look at smaller period chart to try and disect what could be the implications of recent movements especially after the Bearish engulfing candle pattern made on the 24th of June.
Negativity continues as the past 4 candles have failed to retrace even 50% of the bearish engulfing candle.A range of 10195-10409 has been formed and it's difficult to say which side will be broken out since an equilateral triangle has formed -shown in red.Bias though is on the downside.
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Happy Trading !!
Lakshmi Ramachandran
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