NIFTY : CLEAR DIVERGENCE OF ROC

18 июн. 2023 г.

Nifty is in uptrend from March 23 (yellow trend line). ROC had made top of 5 and continously declining . (Yellow line slope on ROC. ROC is change in price b/w current price and price for certain no of periods ago.) This means current price is declining continously wrt to price certain no of periods ago, but nifty is moving continously in upward direction. This means ROC is moving in opposit direction to nifty from March 23 as shown with yellow lines drawn on nifty and ROC. This is known as divergence. Since this divergence is continued from last three months and now nifty near 52 week high, it is time for precaution. Also we can see that ROC is trying to move above the divergence line(yellow). If ROC cut the divergence line and move higher, it can be taken as upmove is continued, If ROC keep its divergence continued and move below 0 line, Its is to be taken as trend is reversing and confirmation will come only of yellow trend line is broken on down side.
Mac D is not showing any movement and is flat from last month
Conclusion.
Precautions to be taken while entering long.
Strict stop loss to be maintain
Concure FOMO, and wait for clear entry levels.

19 июн. 2023 г.

Сделка активна

NIFTY RISK REWARD RATIO IN FAVOUR OF SHORT SELLER,
AS NIFTY HAD DROPED 100 POINTS FROM 18880 WHICH IS DOUBLE TOP. ROC DIVERGENCE SHOWS WEEKNESS IN NIFTY. HENCE SHORT OPPERTUINITY HAS ARISED WITH SL OF 1880 WHICH IS DOUBLE TOP

20 июн. 2023 г.

Сделка активна

Nifty had broken yellow trend line which is reversal sign. 20 DEMA will be short term support. Continue short with trailing SL of yesterday high.