Nifty Divergences
On a weekly timeframe, Nifty 50 Index is making obvious divergences
Price is making a new high while MACD histogram is in a downward slope
Price is making a new high while the Force Index is dropping even below the 0 line today.
One positive aspect for the bulls, though, is that it found support exactly where it was needed the most. On the centre line
Are you a bull or a bear here?
On a weekly timeframe, Nifty 50 Index is making obvious divergences
Price is making a new high while MACD histogram is in a downward slope
Price is making a new high while the Force Index is dropping even below the 0 line today.
One positive aspect for the bulls, though, is that it found support exactly where it was needed the most. On the centre line
Are you a bull or a bear here?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.