Aaj Nifty Gap down khula, Recover kia and phir 1ghnte baad sara din 40 point ka range mai raha. Ab next day aggar same level khul ke 15mins wohi trade karta rahe toh upar side gap cover karne jasakta hai.
SL: Built up ke neechay ya Range ke i.e. 17395-173400. Aur neechay b nikle built up ke baad toh same.
In Area 1, We see that Markets are making HH but RSI has made a LH, BUT this is not a divergence since its after a Cool off. Markets waited, regained its energy, readjusted RSI and the rallied again.
In Are 2, We again see Markets making HH and RSI making LH, and this is a divergence since there has been no cool off and Market has created a divergence without waiting
Market will respect it!!
Today in BN we see a 700 point dip from 42700 to 42000 but Market halted for about good 30mins this showed that the fall will continue. So we generally need a Pullback or Accumulation so that new people can enter the market to drive it even lower.
