Nifty uptrend is not ended... I forgot to notice higher high reading on macd on 15 mins when nifty rose to 6187 levels on 15 mins chart...
A small down move because of expanded flat in play on Monday upto levels of 6130-6140 with stop loss 6204......
Upmove will last minimum upto wednesday... At the end of this pattern negative divergence if exists then it could be end of this big up move from 5477...
Hourly negative divergence exists between W and Y..
Y.a: 5970 6187.5 217.5
Y.b.a: 6187.5 6146.2 -41.3
Y.b.b: 6146.2 6204 57.8
Y.b.c: 6204 (6130 to 6140 or much deeper)
Y.c again above 6204 but >0.618*Y.a
A small down move because of expanded flat in play on Monday upto levels of 6130-6140 with stop loss 6204......
Upmove will last minimum upto wednesday... At the end of this pattern negative divergence if exists then it could be end of this big up move from 5477...
Hourly negative divergence exists between W and Y..
Y.a: 5970 6187.5 217.5
Y.b.a: 6187.5 6146.2 -41.3
Y.b.b: 6146.2 6204 57.8
Y.b.c: 6204 (6130 to 6140 or much deeper)
Y.c again above 6204 but >0.618*Y.a
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