Today the Breath Chart – Advance-Decline index moves to the newer low which symbols a great divergence in the Advance decline index and the movemnent
of nifty direction. Which also paints a bearish picture on bullish walls. As the overall result of the nifty movement is in sideways for the past couple of months, Advance-decline ratio is constantly declining as seen in charts( Red line indicates Adv-Dec ratio and Blue is the Nifty Daily Chart)
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)
NSE Advance-Declines at newer low
16 sec read
I guess this is AD for nifty index. Can you also look at AD for the broader market and what that is saying or how it looks ?
@Pm Its not the AD for Nifty Index… Its for the Broader Market!
Only Few Stocks are inching up.