Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, October 24, 2021

Reigning The Nifty 25th October 2021


Weekly Chart



 Daily Chart 


 Hourly Chart 


Broadening pattern proved bearish.The fall could continue but need to be alert for reversal as Weekly and Monthly charts have not seen any dents yet.


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Happy Trading !! 


Lakshmi Ramachandran

Saturday, October 23, 2021

Reigning The Bank Nifty 25th October 2021


Weekly Chart


 Daily Chart 


 Hourly Chart 


Bank Nifty is good for more upsides as of now. Consolidation in a flag pattern  seen on  hourly charts. Breakout expected on upside with a 1000 points move.

If reacts bearishly then need to check the charts again!


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Happy Trading !! 


Lakshmi Ramachandran

Wednesday, October 20, 2021

Classic Followup Selling


Nifty Daily Chart 


Classic followup to yesterday's bearish engulfing candle.This indicates a reversal.Support comes at Support line of rising channel at around 18000.Previous peak support is at 17948.AND gap supports as shown in my earlier posts.

 Bank Nifty Daily Chart 


Bank Nifty has strong support at 37708
 

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Happy Trading !! 

Lakshmi Ramachandran