mklives
Education

NIFTY.. weekly divergence

NSE:NIFTY   Nifty 50 Index
NIFTY Weekly is in divergence. RSI currently is at important levels of the falling trendlines of lower highs of rsi
also nifty facing resistance at 11980 levels.

expect a test of 20 dma atleast soon..
Nov 15
Comment:
it is nice
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Too much complex chart.

make it simple.
if ur using ichimoku, then no need of any MA.

Think.
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mklives pk29121976
@pk29121976, i just put the scenario.. kinda later relasied too its to messy. forgot to take things out nefore i posted. thanks for pointing it out.
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I feel should test at least 11700
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you have posted weeklhy charts and talking of testing 20 DMa... haha
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mklives Parasuram
@Parasuram, forgot to add daily screenshot ;) but it also has chance oftesting weekly 20 ma also ;)
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Parasuram mklives
@mklives, no issue
+1 Reply
Parasuram mklives
@mklives, yes ... if technical works and there is a reversal here i expect it to below 11090... but technicals go for a toss if Trump and Modi decide to take the market up.
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Parasuram Parasuram
@Parasuram, my view market going below 11090 will be negated if Nifty moves above 12115...
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