NIFTY Time Frame Comparison
- Nifty daily chart with MACD indicator is showing a sell signal. If day low is taken out the selling might get intense.
- But hour chart with MACD is showing as if it will give a buy signal.
- So before one trade the hour chart they should have the daily signal in mind. So the buy signal in hour chart may come But one should look at the price range first which is 5453 - 5520. So buy signal might only get confirmed if 5520 gets broken on the upside.
- One who goes long based on hour chart should book profits at appropriate levels before the daily sell signal comes into effect.
- Moral: one should look at price first then Indicator
san sir,
ReplyDelete5443,5520.i think you mean to say.
thank you very much for your guidence.
@chetan
ReplyDeleteThanks I made the correction in the description. could not updated in chart because the values have changed.
Range is 5453 - 5520.