Reigning The Bank Nifty 27th December 2021

Weekly Chart 

 Daily Chart 

 Daily Chart 

The weekly candle could be signaling a pause in the downtrend, the daily oscillators show minor positive divergence. A pullback may be in the offing!

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 27th December 2021

Weekly Chart 

 Daily Chart 

 Daily Chart 

 Divergence on daily charts may see some more pullback.

However, the Trend is down as indicated on charts with the strategy being sell on rise.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 20th December 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

The trend is still down. 

However a sustained trade and close above 17639 for the week can see a trend reversal.

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Happy Trading !!

Lakshmi Ramachandran

Reigning The Bank Nifty 20th December 2021

Weekly Chart 

A bearish engulfing pattern just like in Nifty which could be bullish if trades and closes above the pattern's high at 37581 on weekly charts.

 Daily Chart 

 Hourly Chart 

If the neckline which is around 35400-35500breaks the target fall could be around 5000 points.

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Happy Trading !!

Lakshmi Ramachandran

Reigning The Nifty 13th December 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

The trend may have turned up. Fall below 17170 will weaken the recovery.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 13th December 2021

Weekly Chart 

Weekly charts saw a Morning star pattern indicating a possible reversal of the downtrend. Though a bigger white candle would have been more desirable. A higher-high higher low candle on weekly charts and 

daily Macd is going into buy adds to the credibility of the trend reversing. 

 Daily Chart 

 

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 6th December 2021

Monthly Chart

Weekly Chart

 Daily Chart 

 Hourly Chart 

Head and Shoulder target almost achieved. Efforts to recover need a close above 17500.

Monthly charts give a target of 15390.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 6th December 2021

Monthly Chart

Weekly Chart

 Daily Chart 

 Hourly Chart 

Monthly charts confirm bearishness.Weekly charts indicate a pause in the fall which needs to cross the 

gap 36869-37388 to continue the pullback.

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Happy Trading !! 

Lakshmi Ramachandran