TradingView
sachin81ksd
Jul 13, 2018 9:07 AM

NIFTY - To the moon & back . Short

Nifty 50 IndexNSE

Description

as happens in most divergences in a strong trending markets , sometimes for a trend change on larger time frames like daily or weekly, it takes 2 divergence confirmation to capture the inflection (trend change) .

here in that case one bear divergence had been proven, second is in the making - if nifty makes a new high & retrace, leading indicator RSI in case may not cross & retrace back from the established trendline as charted (acting as resistance)
More