saketgod
Long

NIFTY MACD Divergence

NSE:NIFTY   Nifty 50 Index
Seems that Nifty is poised to bounce back. Analysis for education purpose only
WHAT DOES THIS MACD DIVERGENCE MEANS...? KINDLY EXPLAIN
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saketgod MAYURSHAH444
@MAYURSHAH444, MACD (Moving Average Convergence and Divergence) is a very popular indicator. MACD divergence means Price is decreasing at higher rate but MACD histogram is showing lesser momentum (speed of price movement). This means that the momentum of pushing down the price is declining, which means there is a chance of trend reversal. (Although this is considered as high probable indication, similar to other theories, this sometime fails). Always use stop loss in these cases
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@saketgod, THANK U SAKET..
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