Reigning The Bank Nifty 22nd November 2021

Weekly Chart 

 Daily Chart

Weekly charts still maintained within uptrending channel. However, Daily charts show a clearer picture of the  lower high lower low sequence thus ending the uptrend as per Dow theory.

Hourly Chart

Only a close and trade above 39117 would signal a recovery in the short term.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 15th November 2021

Weekly Chart

 Daily Chart 

 Hourly Chart 

Situation  much the same as last week after a weak attempt to move up. 

Break of neckline will see the fall resuming.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 15th November 2021

Weekly Chart

 Daily Chart 

 Hourly Chart 

Positive divergence in hourly charts may lead to some pullback before resuming the fall.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 8th November 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Break below 17600-17500 will see a melt of around 1000 points.

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

Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 8th November 2021

Weekly Chart 

An Inside day after last week's Outside day indicates hesitation by bulls and bears.But since the trend has been up it is prudent to assume that the bulls are faltering and the bears could get an upper hand.

 Daily Chart 

 Hourly Chart 

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

Happy Trading !! 

Lakshmi Ramachandran