I have summarized last candle of Nifty as on #EOP (end of Period) in diverse #TF (time frame) in above Table ;
Macd were in NEGATIVE territory, following massive 87.88% correction from #ATH (all time high) 12,430 in just 45 days, for 14 candle-session in #TF5Days, 10 in #TF8Days , 7 in #TF13 & 2 in #TF34Days and since turned POSITIVE for 10,5,3 & 1 ,respectively, thereby confirming 7511 to be an intermediate bottom. Nifty chart in #TF34Days shown:
However, Macd remains in negative in TF21Days for 6 candle-session.
It may be noted that Nifty is basically in Bull grip but for occasional corrections [5 sessions or less below #ZL (Zero line) ] . Next, I am sharing charts in TF5Days to show details of Nifty with more swings than that visible in long #TF34Days or like.
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