Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, January 30, 2022

Reigning The Nifty 31st January 2022


Weekly Chart 


 Daily Chart 


 

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 31st January 2022


Weekly Chart 


 Daily Chart 




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Happy Trading !! 

Lakshmi Ramachandran

Monday, January 24, 2022

Reigning The Nifty 24th January 2022


Weekly Chart


 Daily Chart 


 Hourly Chart 


Correction of upmove from 16410 may continue.

Next support at 17380-17151.



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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 24th January 2022


Weekly Chart


 Daily Chart 


 Hourly Chart 


Correction of recent upmove from 34018 to conitnue.



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Happy Trading !! 

Lakshmi Ramachandran

Tuesday, January 18, 2022

Caution !


Nifty Daily Chart 

Bearish Engulfing Pattern formed cautions an end to the recent upmove.


Bank Nifty Daily Chart 


Candles since 12th January showing lack of  Bullish confidence.


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Happy Trading !! 

Lakshmi Ramachandran

Sunday, January 16, 2022

Reigning The Nifty 17th January 2022


Weekly Chart 


 Daily Chart 


 Hourly Chart 


Nifty seems to be on track to achieve the 18500 target and if momentum picks up further targets marked on charts my be hit.



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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 17th January 2022


Weekly Chart 


 Daily Chart 


 Hourly Chart 


The upmove from 34233 is in correction and if the neckline of the head and shoulder pattern breaks the bank Nifty could move to around 37000.

Move above the head 38851 will see the upmove resuming.

  

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Happy Trading !! 

Lakshmi Ramachandran

Sunday, January 9, 2022

Reigning The Nifty 10th January 2021


Weekly Chart 


 Daily Chart 


 Hourly Chart 


Nifty to continue up move 


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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 10th January 2021


Weekly Chart 


 Daily Chart 


Bank Nifty will move higher if 34345-34000 is held



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Happy Trading !! 

Lakshmi Ramachandran

Monday, January 3, 2022

Reigning The Nifty and Bank Nifty 4th January 2022

Bank Nifty Daily Chart 


Breakout from falling channel. Target is 38585 with resistance from previous high at 37581.

 
Nifty Daily Chart 


Breakout from falling trendline. Previous high taken out intraday but need a close above it for confirmation of bull strength.



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Happy Trading !!

Lakshmi Ramachandran

Sunday, January 2, 2022

Reigning The Nifty 3rd January 2022


Monthly Chart


Weekly Chart 


 Daily Chart 


 Hourly Chart 


Monthly charts are bearish.

Weekly and Daily charts show a pullback may be in the offing.

Half hourly charts show a Diamond pattern formation. A diamond bottom is a bullish, trend reversal chart pattern. A diamond bottom has to be preceded by a bearish trend.

Sell on rise continues. Break above 17639 will see a good pullback.



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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 3rd January 2022


Monthly Chart


Weekly Chart 


 Daily Chart 


 Hourly Chart 


Could expect a range bound action between 34000 and 36000.Sell on rise continues till stronger evidence of a turnaround is seen.


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Happy Trading !! 

Lakshmi Ramachandran