Further to my earlier post http://lalitlk-lalit-lk.blogspot.com/2015/06/nifty-bi-monthly-chart-1996-2015.html, I am sharing my observation as on 30th October 2015
As such, using a zoomed view over last 119 candles fulfilling the minimum requirement :
I
am sharing crucial Macd (5,34,5) data for certain days ; IMHO in these higher degree Elliot Wave , Nifty
had done its peak for the time being as shown by a higher Nifty with
lower Macd readings.
A higher high in December 2015 with next candle with closing at/over 9801 shall result in the histogram being rendered positive. I am not expecting that high this year
latest moves covered, Diwali Moves ?
ReplyDeleteNo.
DeleteNext up date shall cover two November- December when Diwali includes.
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ReplyDeletePlease do not promote.
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