Reigning The Bank Nifty 13th December 2021

Weekly Chart 

Weekly charts saw a Morning star pattern indicating a possible reversal of the downtrend. Though a bigger white candle would have been more desirable. A higher-high higher low candle on weekly charts and 

daily Macd is going into buy adds to the credibility of the trend reversing. 

 Daily Chart 

 

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 6th December 2021

Monthly Chart

Weekly Chart

 Daily Chart 

 Hourly Chart 

Head and Shoulder target almost achieved. Efforts to recover need a close above 17500.

Monthly charts give a target of 15390.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 6th December 2021

Monthly Chart

Weekly Chart

 Daily Chart 

 Hourly Chart 

Monthly charts confirm bearishness.Weekly charts indicate a pause in the fall which needs to cross the 

gap 36869-37388 to continue the pullback.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 29th November 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Target as per patterns is 16620. All trendlines are broken so we need to see recovery signs before looking for a pullback or revival. Till then it favours the bears.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 29th November 2021

Weekly Chart 

The rising channel from 30405 was decisively broken giving a target of around 34000. Supports are marked. A break below the green trendline will mean a correction of the entire rise from March 2020 as shown below.

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Multiple supports available in the 36000-34700 area. If does not hold then entire rise will correct.

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Happy Trading !! 

Lakshmi Ramachandran