Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Chinese Indices Still below Ichimoku Clouds
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Earlier we had a discussion about the bearish setup in Icimoku cloud Indices charts and this post is just a relook into Weekly cloud charts once again
Ichimoku Cloud Charts for Nifty,Dow Jones, Shangai Composite and Hang Seng Shown. And from the charts it is seen that still Chinese Indexes(shangai Composite and Hang Seng is still trading below the cloud resistance zone it still do suggest a longer term downtrend in both the chinese indices. Nifty is trading above the cloud resitance point 4900 even dow jones too trades above the cloud. Charts are presented below. Click on the charts for a bigger picture
Shangai Composite
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HANG SENG
Charts Gallery of Index Charts with Ichimoku Indicator
Dow Jones
HANG SENG
Shangai Composite
Nifty
Nikkei
Dollar Index
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
China is Still under Weak Condition