December 20, 2010

Negative divergence in 5 minutes chart

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

2 comments:

  1. THANKS FOR THE UPDATES ON NIFTY FUTURE

    ReplyDelete
  2. Dear San,
    TECHM is making traingular formation?Any suggestions on that?

    ReplyDelete