Assumed ivth didnot materialised like complex corrective and posted negative divergence in 7 mins chart and didnot even crossed yesterday high apart from that it made a gap down with unfilled gap from 5850-5854 ...
Once the support broken 5690-95 levels, nosedived and 2 mins chart posted lower low... No positive divergence is visible....
Tomorrow all rises to 5680-90 to be utilised to short for 5574-5462 in coming days....
Nifty expected to range bound between 5625-5685 likely and finally will break down tmrw as shown in 2 mins chart....
First assuming corrective Y.a in play:
Most bearish counts which might come into picture if postive divergence negates in hrly macd...
I posting this view to make u aware a massive dive might be ahead...
No comments:
Post a Comment