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
Ichimoku Weekly Cloud Chart for Nifty, Shangai Composite and Hang Seng
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Weekly Charts of Nifty
Weekly Charts of Hang Seng
Weekly Charts of Shangai Composite
From the above shows the Ichimoku cloud charts(Weekly) of Nifty(India), Shangai Composite(China) and Hang Seng(Hong Kong). All the above charts convey only one single information to investors. i.e these indices are trading very close to the Ichimoku cloud supports and the breakdown will lead to the true start of the bear market until then playing with Equity longs are safer.
Ichimoku Cloud Supports on Weekly basis
Nifty – 4800(Very Close to cloud Supports) Hang Seng – 20000(Very Close to clould supports) Shangai Composite – 3000(Almost Broken)
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
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One Reply to “Ichimoku Weekly Cloud Chart for Nifty, Shangai Composite and…”
HI ,
WHATS THE REASON FOR USING 3,13,16 NUMBERS INSTEAD OF STANDARD 9,26,52.THX.
HI ,
WHATS THE REASON FOR USING 3,13,16 NUMBERS INSTEAD OF STANDARD 9,26,52.THX.