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
Nifty and Bank Nifty 90 min chart update for 17th July 2012 Nifty and Bank Nifty are in sell mode with cloud supports coming around 5282 and 10666 respectively. Nifty and Bank Nifty turned to psotional sell mode since last thursday.
How to Win Against the Dangerous “Herding Impulse” We all love a bargain... Except when it comes to stocks. The reason boils down to uncertainty. We know what our fruits and vegetables should cost at the grocer's -- but we're far less […]
Will Deflation Hits India???
Source:
www.marketcalls.in
Will MCX Crude bouce back from the lows? MCX Crude Oil on the hourly charts had moved to buy mode after a lenghty sideways movement since 13th Jan 2012. MCX Crude on the hourly chart had taken support near Rs5070-5080 zone and […]
Shortern URL threat to your financials
URL shortening is a technique on the World Wide Web where a provider makes a web page available under a very short URL in addition to the original address. For example, […]
What does a Broken Trendline actually means? Many of the Traders/Investors those who started reading charts would first like to test their skills with trendlines. They Plot trend lines to identify the underlying trend i.e bull market […]
pds says
April 13, 2009 at 5:07 amWeekly RSI-2(96.5)- heavily oversold. what about overbaught,what effect taken by marketthanks
pds says
April 13, 2009 at 5:09 amcan you please send chart, pattern taken by DLF, or send link to see updated pattern about DLF