4 types of Resistance confluence in same area..... Nifty Have to *Sustain 1 hour above *14860* to Start upwards journey & back to bullish trends...Otherwise Correction expected from that area.

1) Flare Level of Negative Divergence
2) 50% Retracement Level of last fall
3) 50 hour moving average
4)Long term Support Trendline turned to Resistance line.

50 EMA cross 200DMA in Houly Timeframe....Mean Bearish Crossover....Now in Pullback for Further Down.

Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.


didnt understnd 1st point...looks +ve?
skparbesh Rocky_Chow
@Rocky_Chow, No Sir....Its Hidden Bearish Divergence where price make lower high but Rsi makeing higher high.....price have to closed above the Flare level to nagate Divergence otherwise it will continue in downtrend.
Rocky_Chow skparbesh
@skparbesh Sir thank you for clarifying... It is confusing for me as I am not familiar with the term flare level and how to use it.. Will read up on it.. it would be great if you could explain it in the context of RSI divergence whenever time permits... Thanks again
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out