October 25, 2015

Nifty chart analysis

  • Nifty is approaching its 200 Day SMA, price is also closer to the falling resistance line shown in first chart. Daily chart also shows negative divergence with price and macd histogram.
  • more weakness on daily closing back below 8200 levels. 

1 comment:

  1. Until MACD line starts falling, can we still label it as negative divergence ?