Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. 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. Now the recent curiosity on building Trading AI Agents.
Positive Divergence in Nifty 5 Min charts
8 sec read
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Nifty Futures 5 Min charts showing Positive divergence as price are making lower but
MACD(3,10,16) is uptrending resulting in a postive momentum divergence good for market
sentiment. Any recovery above 3370 is good for market in short term
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Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. 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. Now the recent curiosity on building Trading AI Agents.
Pattern Tested 3424 in nifty futures.Daily Trend will turn -ve if nifty closes below 3353
Sorry if closes below 3372 on closing basis(EOD)