CLICK THE CHART TO ENLARGE
- Negative divergence gives a correction.
CHART-II
- We had a small dip from the high of the day.
- But the trend line has given support. bigger correction only if the trend line gets violated.
CHART-I
- Price has gone above the recent high of 5975
- But 5 minutes chart is showing negative divergence.
- If Price sustains above 5975 negative divergence will vanish.
- If gets resisted here we may see an intraday dip
THANKS FOR THE UPDATES ON NIFTY FUTURE
ReplyDeleteDear San,
ReplyDeleteTECHM is making traingular formation?Any suggestions on that?