June 16, 2014

NIFTY Chart update

  • As shown in first chart Bears need price to close back into the range. Another daily candle below 5 Day Low EMA may also strengthen bears. 
  • 20 Day SMA may spoil things for bears. Last time when price went there it resulted in a bullish reversal. Bears need a daily close below this line to extend the fall.
  • MACD Histogram and price negative Divergence
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1 comment:

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