Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, May 30, 2021

Reigning The Nifty 31st May 2021


Weekly Chart 


Closed inside the up trending channel making a new all time high. Could continue to go up  to the resistance line of the channel. Oscillators though show a negative divergence which may lead to some reaction to the 15000 levels before making new highs.

 Daily Chart 


Breakout from triangle points to more upsides. Any reaction due to negative divergence should find support at 15045.

 Hourly Chart 


Momentum needs to catch up for the upmove to sustain.



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Happy Trading !! 

Lakshmi Ramachandran

Sunday, May 23, 2021

Reigning The Nifty 24th May 2021


Weekly Chart 



 Daily Chart 


 Hourly Chart 


 Hourly Chart



Nifty is in a sideways move with a positive bias. Moves are sporadic so difficult to ride.14151 needs to be broken on a weekly close for  weakness. 

The rounding formation points at a possible upward breakout and could lead to 16500 and above.


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Happy Trading !! 


Lakshmi Ramachandran

Sunday, May 9, 2021

Reigning The Nifty 10th May 2021


Monthly Chart 


Trade above 13435 is positive


Weekly Chart


Daily Chart  


Oscillators on daily charts are positive indicating up move may continue.



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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 10th May 2021


Weekly Chart 


 Daily Chart


 


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


Happy Trading !! 


Lakshmi Ramachandran