MrAkshatP
Short

Caution : Negative Divergance on daily charts of Nifty 50...

NSE:NIFTY   Nifty 50 Index
Nifty is showing three strong signals for correction

Signal 1 : A Negative Divergance is seen on the daily charts of Nifty 50 which is showing weakness...

Signal 2 : On weekly charts a Shooting star pattern is forming...

Signal 3 : RSI at weekly charts is highly at overbought zones...

Now for next few days small cap may run and many people will turn bullish & will enter at higher price and may face losses...

Be cautious... Do your on study before making any positions...


Please Like, Follow and Comment (Share your views in comment section)...
Trade active: Now correction starts...
Trade closed manually: It took Support over 20 Days EMA .... thats it... correction phase over
Trade active: stay cautious
Trade active
more that rsi macd divergence is evident
Reply
MrAkshatP bearishbull1968
@bearishbull1968, yes you are correct but i use different combination of indicator instead MACD....
Reply
Yes , It is showing weakness. Time to book profit and ready for short position.
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RiyaSingh RiyaSingh
@RiyaSingh, **ready for *making short positions
Reply
Rahul66 RiyaSingh
@RiyaSingh, chances 9025 and then bounce
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