Be Careful On Markets!
Banknifty has gone on to make new high but when i checked on weekly chart 25-day ROC with
20-day EMA on it. As can be seen ROC is unable to go above 20-day EMA. If you check in the past such divergence calls for correction in the market.
20-day EMA on it. As can be seen ROC is unable to go above 20-day EMA. If you check in the past such divergence calls for correction in the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.