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Divergence in Nifty Hourly Charts

1 June 2009 7 views No Comment

Chart simply shows a negative divergence pattern in both RSI and MACD indicator as the price trending higher
indicator is making lowerer values. If Nifty resists 4540-4549 levels then a perfect short trade could set up here
with stop loss 4620-4630

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Written by: Rajandran R

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