Positive Divergence At Strong Support Level

Daily Chart  

 

Daily Chart 

 

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 Happy Trading !!

 Lakshmi Ramachandran

Reigning The Nifty 12th October 2018

Half Hourly Chart 

  

Half Hourly Chart 

Feels like looking through a microscope for signs of a reversal. Saw Positive divergences and a higher high higher low which could be signalling a pullback finally.

Half Hourly Chart

 

Looks like 38.2% level which coincides with the gap resistance could be  the barrier.

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Happy Trading !!
 
Lakshmi Ramachandran

A pullback in a downmove

Monthly Chart 

 Daily Chart 

Daily Chart

Half Hourly Chart 

With the Nifty having almost completed the head and shoulder pattern target,  with positive divergences on the oscillators appearing and strong support of the 200 day Ema and channel closeby , a short term pullback, within a long term bearish scenario, could be expected.


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Happy Trading !!

Lakshmi Ramachandran

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