A Head and Shoulder Pattern threatening !

 Half Hourly Chart 

 Break of Neckline at 11400 will see a target of 11000 !

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Happy Trading !!

Lakshmi Ramachandran

Correction Due for the Nifty as per Monthly Charts

Monthly Chart 

Rising wedge with huge negative divergence in Rsi14 and Macd indicate correction due.

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 Happy Trading !! 

Lakshmi Ramachandran

Nifty Could attempt 12000 !

 Weekly Chart

The channel target is 12069  but RSI 14 is overbought and so is Stochastics and shows negative divergence alongwith MACD. One needs to lighten positions and keep booking profits as Nifty attempts to reach  heady heights.

      

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Happy Trading !!

Lakshmi Ramachandran

Bank Nifty - Time to be cautious

Weekly Chart 

 Rising Wedge with falling momentum indicating a fall due

 Half Hourly Chart 

Potential double top forming on Half Hourly Charts support  the start of a fall.

 Daily Chart

Strong supports on Daily Charts

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Happy Trading !!

Lakshmi Ramachandran

Reigning The Nifty as on 3rd August 2018

Daily Chart 

 

Daily Chart 

Uptrend intact.Negative divergence cautions.For now, strong support around 11170 is the key to uptrend continuing.

 

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Happy Trading !!

Lakshmi Ramachandran