NIFTY.. weekly divergence for NSE:NIFTY by mklives

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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

Too much complex chart.

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

Think.

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.

I feel should test at least 11700

you have posted weeklhy charts and talking of testing 20 DMa... haha

Parasuram

@Parasuram, forgot to add daily screenshot ;) but it also has chance oftesting weekly 20 ma also ;)

mklives

@mklives, no issue

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.

Parasuram

@Parasuram, my view market going below 11090 will be negated if Nifty moves above 12115...