Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Ichimoku Weekly Cloud Chart for Nifty, Shangai Composite and Hang Seng

25 sec read

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)

Related Readings


 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Why S&P500 is poised for a 10% correction again?

Last time I wrote about what could possibly go wrong with S&P500 index spotting a fundamentally overvalued reason and Price action on quarterly charts....
Rajandran R
40 sec read

What Could Possibly go Wrong with S&P 500

S&P 500 index is at the extreme positive sentiment getting into a sort of parabolic move. Since March 2009 $SPX moved from the low...
Rajandran R
46 sec read

Gentle Reminder: Once in a while, there will be…

This time it is Argentina Merval Index. On 12th Aug 2019, Merval Index collapsed more than 34% post-Argentine election surprise. The argentine stock...
Rajandran R
51 sec read

3 Replies to “Ichimoku Weekly Cloud Chart for Nifty, Shangai Composite and…”

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More