raghavendrakumart

Nifty Long term Buy - updated chart.

Long
NSE:NIFTY   Nifty 50 Index
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Follow up to earlier idea :
I have a bullish bias either in blue label OR black label.
Trade active: A strong follow up from the lows of either C OR ii - rewards with a 700 points+ rally.

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Yes..there is positive divergence which triggered 300 point rally. Now some of the signals i look for a reversal are....test of long term trendlines ( done ), positive divergence in rsi and macd ( done ), reversal candle stick ( bullish engulfing - done ), faster retracement ( 6 more days to go above 8275 - awaiting ), moving above critical averages ( closed above 5 week ema - done ).

A faster retracement will complete the reversal checklist...I am waiting for it.
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I have same view when I looked at other signals
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