Gold Update

Gold may see a breakout on the upside having formed a falling wedge and a hammer yesterday around strong support.

Watch out if today's candle is bullish.

follow me on twitter http://twitter.com/#!/lucksr 

Happy Trading !! 

Lakshmi Ramachandran

Update 17th February 2021

Nifty Daily Chart 

Bank Nifty Daily Chart 

Trend Still positive

follow me on twitter http://twitter.com/#!/lucksr 

Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty and Bank Nifty 15th February 2021

Nifty Weekly Chart

Still positive on Weekly charts. Next target is around 15920.

Nifty Daily Chart  

Negative divergence on oscillators.

Nifty Hourly Chart 

Hourly charts look positive as of now

Bank Nifty Weekly Chart

Bank Nifty Daily Chart

Bank Nifty Hourly Chart

follow me on twitter http://twitter.com/#!/lucksr 

Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 8th February 2021

Weekly Chart 

 Daily Chart 

Daily Charts have formed a shooting start which is a bearish reversal signal. However confirmation of the bearishness is required in the next candle. 

Look out for a bearish candle to form tomorrow to confirm bearishness. Else the trend continues.

 

follow me on twitter http://twitter.com/#!/lucksr 

Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 8th February 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Nifty seesawed once again and made a huge bullish candle on weekly charts. Hourly charts reiterate the view. Holding 14900 level is key to the Head and shoulder pattern achieving the target of 16100.

Daily charts formed a doji on last trading session and Daily oscillators are at negative divergence----new highs on price but not on oscillators---- indicating a mild correction could happen before moving to the next target which is around 15250.

follow me on twitter   http://twitter.com/#! /lucksr 

Happy Trading !! 

Lakshmi Ramachandran