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
Related Readings and Observations
Nifty hourly trends turns negative Nifty hourly trend turns negative after breaking the hourly support zone of 5030 level. Its perfect to be in short with nifty with stop loss near 5050 zone
Nifty Weekly Chart with 5EMA High-Low Trading System Nifty had delivered buy signal on the shorter timeframes and will this rally will sustain on the higher timeframe? where the stop loss should be placed if initiating longs? For optimal […]
No More New High’s in Nifty
Charts shown here is the one year weekly charts with 2- Period RSI combination behind the price. As Per the 2- Period RSI pattern formation we are in a TOP formation which […]
Nifty Open Interest Lookup – Jan 2011 Option Series Still High Open Interest Builtup in 6200CE. But a comparatively higher open interest in 5600PE. Possibly chances of holding 5600 still Jan 2011 Expiry.
ChartIQ – WebTrader for MT4 ChartIQ - WebTrader for MT4 is a ultra cool charting product with attractive user interface and better user experience. It is a white-labeled product for the Forex/CFD brokers compatible […]
Possible Head and Shoulders Pattern in Nifty
Nifty hourly charts shows the formation of head and shoulders pattern with head forming around 4700 and Shoulders around 4600 zone with Neckline supports at 4350. Target […]
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