NIFTY :
Weekly Chart :
Long term MACD trend is severely BEARISH.
Small term scan goes with severely BULLISH.
This is what makes the weekly charts exciting .
With volumes perking up last week , the immediate move shall be a monster up-move.
Or you wanna short this in the expectation of long term mega MACD bearishness to suppress everything ?
Enjoy your cup of coffee.
I am going with conclusion for bullish views with Weekly Charts.
Stop Loss : As usual lets keep it at 22 ema (5780)
Daily Charts :
Mail me if you see anything negative with daily charts.
I am all fine with bullish views on daily charts as well.
Stop Loss : 13 ema , 5830
Each fall , I am taking it as a bliss with longing opportunity.
Depending upon your entry rate and trade instrument :
Stop Losses to follow 5780 and 5830.
SS
Weekly Chart :
Long term MACD trend is severely BEARISH.
Small term scan goes with severely BULLISH.
This is what makes the weekly charts exciting .
With volumes perking up last week , the immediate move shall be a monster up-move.
Or you wanna short this in the expectation of long term mega MACD bearishness to suppress everything ?
Enjoy your cup of coffee.
I am going with conclusion for bullish views with Weekly Charts.
Stop Loss : As usual lets keep it at 22 ema (5780)
Daily Charts :
Mail me if you see anything negative with daily charts.
I am all fine with bullish views on daily charts as well.
Stop Loss : 13 ema , 5830
Each fall , I am taking it as a bliss with longing opportunity.
Depending upon your entry rate and trade instrument :
Stop Losses to follow 5780 and 5830.
SS
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