NIFTY'S Death and Golden crosses
- First chart is the daily time frame with Death and Golden crosses. Towards the left side of the chart we can see a death cross and a trending up move which went above 50 and 200 SMA But the death cross was still intact and went on to perform well for bears. Now we have a Golden cross and a similar trending move which is below 50 and 200 SMA. If this move does not trade below 80% Retrace level we may see an up move anything more than that may lead to a complete reversal and a failed Golden cross.
- S&P 500 EOD UPDATE
Intresting.. but 80% of what price.. can you please help us.. thx..
ReplyDeleteSOhan
@sohan
ReplyDelete80% of the last rise from 4531 to 5629
If nifty wont breakout 4884 then it may be support and 4970,4990 act as resistense then sl for buy 4906 and if not sustain above res 4970 sell, if i m right then suggest me, i always follow yr advic san plz , suggest me
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