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
Related Readings and Observations
Market Profile – Four Day Balance Breakout and Acceleration One of the Patterns one have to watch out when there is a four day balance formation followed by a trending breakout. Breakout generally happens especially post a news event or a short […]
Nifty Futures – Volatility is the Keyword – October Futures October month started with high volatile movement in Nifty Futures where it swings between 10857 - 11090 during Monday trading session. But don't be surprised with such sort of wild […]
Use Cash Secured Puts Strategy to Buy Stocks at Lower Price Cash Secured Puts is a simple way to acquire stocks for investment at a lower price than the current Market Price. It involves selling out of the money put options and simultaneously […]
Non Repainting Supertrend Indicator for Metatrader 4 – Updated As the Guardian has been stopped since 1st Nov the older version of NR Supertrend wont work. Download the latest version( Does not requires Guardian) and follow the installation guidelines
O2A – Odin Diet to ASCII Data Downloader O2A - Odin to ASCII extracts Market Watch data from Odin Diet clients, and outputs the data to ASCII files. The program currently captures Equities, Futures & Options scrips of NSE […]
Motivewave 2.4 now with Auto Elliotwave Study Just testing with the new features released with Motivewave version 2.4. I should i have to say that this time motivewave had come with more innovative features like Elliott Wave Study – […]
Weekly RSI-2(96.5)- heavily oversold. what about overbaught,what effect taken by marketthanks
can you please send chart, pattern taken by DLF, or send link to see updated pattern about DLF