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

Nifty 50 IndexNSE

Description

⋅ Apr 8, 2017 4:09 AM

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

⋅ Apr 19, 2017 1:56 AM

Now correction starts...

Trade closed manually

⋅ Apr 25, 2017 3:49 AM

It took Support over 20 Days EMA .... thats it... correction phase over

Trade active

⋅ May 1, 2017 6:56 PM

stay cautious

Trade active

⋅ May 5, 2017 8:06 AM

Comments

bearishbull1968

⋅ Apr 8, 2017 9:29 AM

more that rsi macd divergence is evident

MrAkshatP

⋅ Apr 12, 2017 4:56 AM

@bearishbull1968, yes you are correct but i use different combination of indicator instead MACD....

RiyaSingh

⋅ Apr 8, 2017 4:25 AM

Yes , It is showing weakness. Time to book profit and ready for short position.

RiyaSingh

⋅ Apr 8, 2017 4:28 AM

@RiyaSingh, **ready for *making short positions

Rahul66

⋅ Apr 8, 2017 5:03 AM

@RiyaSingh, chances 9025 and then bounce