My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 24, 2016
Nifty positive divergence and Resistance level
Weekly candle suggests possible reversal formation provided price stays above 7241 levels. At the same time price has broken below crucial support level of 7550 which has to be crossed for a bigger bounce to materialise.
Daily chart shows bounce after positive divergence as shown in first chart.