Reigning The Nifty 27th June 2022

Weekly Chart 

Daily Chart showing positive divergence

 Daily Chart 

 Hourly Chart 

Though Daily charts show positive divergence the rise may prove tough for the Nifty as resistance 

from gap area and Fibonacci levels as marked on half-hourly chart.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 27th June 2022

Weekly Chart 

 Daily Chart 

 Immediate resistances at Gap area need to be crossed to avoid fall below neckline of the bearish Head 

and Shoulder pattern.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 20th June 2022

Weekly Chart

 Daily Chart

Having broken the 15671 low the Nifty could be headed lower to  around 13000 levels which is around the 50% of the entire move from 7511.

Strong supports are there at the 14000 levels as marked on the charts.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 20th June 2022

Weekly Chart 

Weekly Charts show a bearish Head and Shoulder formed. Neckline if broken there could be a fall upto 61.8 %  retracement level around 26000.

The daily chart below shows the triangle formed at the right shoulder broken with a target around 27000.

 Daily Chart 

 

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Happy Trading !! 

Lakshmi Ramachandran