SENSEX

 


Comments

Post a Comment

Popular posts from this blog

Near term to Short Term Negative Divergences

Image
  NIFTY MICRO CAP 250. at critical point Currently 18900 is critical by the end of the week it has been tested fall and close today or by end of the week can extend the correction to 16814 cmp-19097 Daily chart RSI nearing oversold Dynamic Trend and Lagging Trend currently down therefore support is under pressure. hourly chart of NIFTY MICROCAP 250 in oversold NIFTY MICROCAP 250 morning high crossed on closing time then could be pullback resuming for micro-cap. under performance seen in micro-cap. small cap market RS dropped sharply. if the recovery has to happen then now in 1-2 days for scap  NIFTY TOTAL MARKET INDEX pattern on hourly not encouraging could be bearish breakdown. recovery from low seen in NIFTY TOTAL MARKET INDEX. RISING WEDGE A BEARISH PATTERN only pullback surely objective is to book profits apart from intra-day trading of up and down or 1-2 day trading of up and down Negative Divergence also well in place for NIFTY TOTAL MARKET INDEX
Read more

Oversold /Overbought

Image
 In oversold- on any time frame. Sentiment are weak. Fear. Market in doldrums. mindset. Feeling of unlikely to recover - deeper deeper levels- pessimistic mindset develops In Oversold drag continues down. Later develop positive divergence and still some drag down till reversal is not witnessed by lower top cross over Oversold on hourly oversold happens frequently. Oversold Daily may be once in 2-3 months Oversold and Oversold Exit becomes opportunity. In Oversold good to get ETF or index based stock. In Oversold Exit good for trading pullback or new trend in that time frame Overbought is euphoria and over optimism. Generally, lead to fall towards oversold. 
Read more