Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Twiggs Money Flow Update for Sensex

August 30, 2009 19 sec read

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Sensex is showing a broader range of negative divergence pattern from 21 day Twiggs money Flow indicator with short term resistance near 16100 levels and Support zone comes around 15400. Breakout above 16100 could take us to the next resistance levels of 16600.However respecting
the resistance zone 16100 indicates a possible trend reversal

Reliance also showing such a broader range of divergence similar to sensex
Note : Reliance was mistaken to be breakout in last post
https://www.marketcalls.in/2009/08/reliance-and-chennai-petrocpcl-in.html

Reliance is still in the grip of negative divergence