At 3.20PM:- After reaching 4656NS, it is showing weakness due to very short term -ve divergence.
"Short" in aggressive trade is initiated at 4655NF and a SL 4705NS is in place.
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
4 comments:
SAR has sort of a going through the day negative divergence.
have posted a chart of it, on vfm.
see if you can post a comment.
and last but not the least,
i love your intraday interaction throuh this blog, but if time permits please sir, start a new thread at vfm.
VFM really needs it right now, losing direction drastically amidst a fish mkt of free calls.
Pranams,
Wroodrah
Hi..Wroodrah,
For that -ve div to be complete, it had to go higher. Hence, I had given a higher level to sell.
Your earlier view of "Sell only on a break of 4628" at VFM is the most sensible way of going about it as the short term momentum is with the bulls and a move past 4727 will turn the medium term too into bull mode..
I have based this on short term -ve div which is not confirmed yet.And it is an aggressive trade.
Continue your good work.
Best regards.
ilango
sir, pl explain "-ve devergence " how to find in graf "nsetracker.blogspot.com : thanks.
Hi..Saravanan,
"Renu" has clearly marked the -ve divergences of the intra technicals in her following post. The visual presentation should clear your doubts.
http://stockmarkettechnicals.blogspot.com/
Best regards.
ilango
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