Following are charts of Nifty, as of now, I believe we are in mood to go down. But, i donot want to jinx just putting in some Divergence to view and on Daily charts, how would like to have some nice gap down tomo say, then could that be a major Island Reversal. Well, dreams dreams and more dreams. Anyhow, we are saying about Divergences, and they are out there.
Check the following charts:
On weekly charts, we see divergence in indicators along with declining volumes on rise, suggesting strength in Index momemtum is fading.
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