MACD line: -47.04, Signal line: -34.00 — massive divergence = strong downward momentum
Histogram still expanding — no sign of slowing bearish pressure yet
Price is not diverging from MACD yet = no reversal setup
This is not a buy-the-dip yet
This zone (₹3,380–3,400) is previous support from Dec/Jan, so we’re testing an old demand zone
wait and watch
Histogram still expanding — no sign of slowing bearish pressure yet
Price is not diverging from MACD yet = no reversal setup
This is not a buy-the-dip yet
This zone (₹3,380–3,400) is previous support from Dec/Jan, so we’re testing an old demand zone
wait and watch
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.