Reigning The Nifty 8th March 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

14468 is strong support as shown on charts. A break will therefore be bearish for a target to around previous low of 13600.

Till high of 15432 is taken out bears have an upper hand.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 8th March 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Lower high and low in place  indicating downtrend in the short term. A bearish multiple head and shoulder pattern could be forming which I have encompassed in a down trending channel. If the channel's resistance line is broken then bullishness could return.

Else expect lower levels with supports as marked.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 1st March 2021

Monthly Chart

Oscillators are positive but in overbought region.

Weekly Chart

Bearish candle follow up to last week indicates bearish bias. Oscillators showing negative divergence.

13600 levels need to be held to avoid a waterfall decline. 

 Daily Chart 

Daily charts made a lower high with a shooting star which is a bearish candle pattern,It was followed by a gapdown very bearish candle forming an island reversal pattern which is in itself bearsih too.Oscillators have formed negative divergences too.

Support was taken at gap formed between 14469-14281.With such bearish signals this support could be easily broken.

  Hourly Chart 

downward channel broken down after failed breakout from bullish head and shoulder pattern indicating bearish bias and giving a target of 13880.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 1st March 2021

Monthly Chart

Monthly charts still positive but selling at highs seen as per long upper shadow of the monthly candle.

Weekly Chart

Bearish candle for the week. Holding 32842 will be required to regain bullishness.Oscillators in overbought region.

Daily Chart

The shooting star was followed by a bearish candle after a gap down open indicating more bearishness to follow. Falling channel has been broken on the downside indicating more fall.

Target around 32385 as shown below.

Hourly Chart

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty and Bank Nifty 22nd February 2021

Nifty Weekly Chart 

 

Nifty Daily Chart

Steady fall for last four sessions. Till 14753 holds uptrend could resume.

Bank  Nifty Weekly Chart

Bank Nifty Daily Chart

The failed breakout may be signalling bearishness. However,gap supports need to be filled and previous peak around 32600 need to be conquered by bears to start a bearish trend.

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Happy Trading !!

Lakshmi Ramachandran