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
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Nikkei Warns Correction
P&F Charts shows a Double Top Breakdown in Nikkei on September 2. Suggesting that the intensity of correction is likely to increase in coming sessions. Source:
www.marketcalls.in
Nifty falls below 5 EMA
Nifty daily chart shows a Falls below 5 EMA after a long time and producing sell signal in nifty. And Now 5 EMA line will act as a resistance zone Source:
www.marketcalls.in
Investor Or A Gambler ? I read an article on this topic last winter, it definitely compelled me to look at my own investment styles and interests. At the end of it I could honestly say that I don't have a stock […]
Nifty and Bank Nifty 90 min chart update for 19 Dec 2011 Nifty is in sell mode since 8th Aug with trailing cloud resistance coming near to 4786 and 8545. Today the major suppot zone 4700 also breaks. So one should be careful in their shorts if […]
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