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bijoy2526

Nifty in over bought zone and divergence is seen.

Nifty 50 Index (NSE:NIFTY)  
bijoy2526 Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Harmonic Patterns Chart Patterns
3
5
trendanalysis harmonicpatterns chartpattern
it is to be seen how market reacts to the economic package to be declared by govt..
one need to be careful while trading.
slope of the divergence is appreciable.
today's green candle may be due to expiry effect.
Comment:
one point to be noted stock in over bought condition is not supposed to decline
immediately it may remain in over bought condition for a while.
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