NIFTY DAILY WITH MACD
NIFTY DAILY CHART WITH TREND LINE
- The first chart showing top formations of recent times and the current price actions which i believe has formed the top and is waiting to fall.
- Just like the previous two occasions the MACD gives a sell and in recent times in daily charts this indicator has been working well.
- An important trend line in daily chart has been violated but there was no follow up action.and the charts are also showing a broadening formation too.
- MACD can give a whipsaw so any daily close near the high of the current top should be a warning for the bears so keep stop loss accordingly.
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