Marketcalls

Simply Intelligent Technical Analysis and Trading Strategies

You are here: Home / Nifty Technicals / Nifty Hourly Momentum Divergence

Nifty Hourly Momentum Divergence

by Leave a Comment


 

Nifty Hourly Chart shows that formation of negative divergence pattern as prices are making

higher but the MACD and RSI are in progress of making lower values which result in negative
momentum divergence.. i.e market is moving up in lack of interest. Possibly Profit booking is very near. Its interesting to watch this pattern developing before high the profit booking kicks in 
Source:
www.marketcalls.in

Related Readings and Observations

  • How Steeper a rally could be?How Steeper a rally could be?   Did you ever ask this for yourself? Will show you the sample Historical Charts of Aurobindo Pharma and MPhasis. Charts are from 1997- 2009. Check out the recent rally which […]
  • Nifty 500 in Emotional Buyers MarketNifty 500 in Emotional Buyers Market Nifty 500 is showing increasing signs of Emotional Buyers market as unfaded gaps gets exponential since the year 2016. Since Mar2016 CNX 500 had seen a total of 41 gap up and out of that […]
  • USDINR MCX Future Hourly Charts for 3rd August 2012 TradingUSDINR MCX Future Hourly Charts for 3rd August 2012 Trading   USDINR August Future – MCX Contract turns to positional Buy mode on 31st July on the hourly charts with trailing supports coming around 55.899 respectively. Reverse to […]
  • [Tutorial] Introduction to Orderflow Analytics[Tutorial] Introduction to Orderflow Analytics Orderflow is a visualization tool to understand the flow of bid and ask orders (market orders). Orderflow explains what aggressive buyers or sellers are doing in the market. It helps you […]
  • Nifty and Bank Nifty Future March Overview – IIINifty and Bank Nifty Future March Overview – III Nifty and Bank Nifty turned to hourly charts on 4th march onwards currently the support zone comes around 6253 and 10837 respectively. Reverse the position to sell mode if the support zone […]
  • Coppock turn positive for SensexCoppock turn positive for Sensex   Interesting this got un-noticed. Thanks to Mr. Balaji for brining attention towards the coppock indicatorCoppock for Sensex turn positive during the start of october […]

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *