March 2, 2015

INFOSYS Range and MACD Divergence


  • First chart shows price contraction. If price respects the up trend line an upper breakout is possible.
  • For now though price is inside the range between 2245 - 2336. 
  • Last chart shows MACD Histogram Negative Divergence. First Divergence worked beautifully for Bears. Current negative divergence is giving a Sideways correction. Bigger moves may only happen when price moves out of the RANGE.
  • CRUDE OIL WEEKEND UPDATE
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