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You are here: Home / Nifty Technicals / Divergence in Nifty Hourly Charts

Divergence in Nifty Hourly Charts

June 1, 2009 by Rajandran Leave a 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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Filed Under: Nifty Technicals

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

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