Some Technical Notes

Nifty

Time frame	Trend indicator	Lead indicator	Candlestick	Conclusion
Monthly	Sell position and above 0	Oversold and 19/21 is the levels and sell position	Lower low and lower high with continuation candle. 4362 is the 100ema	Bias remains negative, cautionary sign is that market is oversold
Weekly	Sell position and below 0 and divergence -21	Oversold and 14/20 and sell position	Higher high and higher low. 8/13 crossover is negative and 4627 is the 200wema	Bias remains negative, cautionary sign is that market is oversold
Daily	Buy	At mid point in buy mode at 40	Lower low and lower high continuation candle	Bias is negative but shorts may have limited life

TATA MOTORS

Time frame	Trend indicator	Lead indicator	Candlestick	Conclusion
Monthly	Sell but lower histograms	Turned up from oversold zone. Buy at 27	Inside month (2 consecutive) will look for range expansion	Looking for direction
Weekly	Buy	Has given a sell turning down from 60	Higher high and higher low red negative candle. 180 levels is 8/13/100 ema	180 levels is strong support
Daily	At 0 may turn down	Will give a sell tomorrow incase we close negative	Lower low and lower high doji and closed below 8ema	Triangle in the making and needs to conclude

HINDUSTAN LEVER

Time frame	Trend indicator	Lead indicator	Candlestick	Conclusion
Monthly	Buy	Buy and overbought	Doji in the making with higher high and higher low	May be trend is halting
Weekly	Buy	Buy and overbought	Possible doji in the making with higher high and higher low	May be the trend is halting
Daily	Buy bit gave negative divergence and turning down	Has given a sell now after overbought conditions	Continuation candle with lower high and lower high moving towards 8ema and 13ema	Corrective action