Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, July 31, 2021

Reigning The Nifty 2nd August 2021

Monthly Chart

Monthly charts are still robust, continuing to make a higher low higher high candle for the month. However, the candles for the last two months being dojis show some indecision. Oscillators still showing strength but in the overbought area.

Weekly Chart 

 Daily Chart 

The first breach of the uptrend line from March 2020 saw a higher high and low in the sideways move. The present breach is seeing a lower high and low in the sideways move. With negative divergences on the weekly and daily oscillators, this could be a red flag to take cognizance of.

 Daily Chart 

No change in stance with the continuing sideways move. Continue a neutral strategy.

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Happy Trading !! 

Lakshmi Ramachandran

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