Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Twiggs Money Flow Update for Sensex

18 sec read


 

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
http://www.marketcalls.in/2009/08/reliance-and-chennai-petrocpcl-in.html

Reliance is still in the grip of negative divergence

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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