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avsrikanth

Nifty -ve Divergence developing...

Nifty 50 Index (NSE:NIFTY)  
avsrikanth  
NSE:NIFTY   Nifty 50 Index
Trend Analysis nifty50
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trendanalysis nifty50
Dear All,

Please watch the negative divergence developing on Hourly time frames.

Readers may recollect the positive divergence since March that lead to a rally. Now a negative divergence can lead to a correction . A break below the ascending channel and a failed retest can resume the downtrend
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