Category Archives: Positive Divergence

Positive Divergence between price and momentum oscillators

Nifty Weekly Technical Outlook for 15 June’15

Stock market is a reflection of an economy, and price is a reflection of state of healfishermanth of economy.  As Martin Pring noted in his book, all price movements have one thing in common: They are reflection of the trend in the hopes, fears, knowledge, optimism, and greed of market participants. The week passed by was nightmare for hardcore bulls and rejoice for bears, however I believe that ratio of bulls should be higher in compare to Smart Bears. In hindsight, move of Thursday was a trap for small fish (read as retail participants) by Fisherman (read as FII’s and few large institutions). Once again last week set an example for us, and we should learn from that, and restrict ourselves from committing same mistakes again and again.

nifty technical weekly view 15 july way 2profits, nifty positive divergence

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Nifty Weekly Technical Outlook for 24th June, 2013

Nifty Daily Chart

Nifty Daily Chart

Nifty Weekly Chart

Nifty Weekly Chart

Every market moves in the waves form, if you able to catch the direction of the wave than you have won half the battle, half you can win by controlling your emotional factors, and keeping right attitude. Today, you must be thinking that it is just wisdom thoughts taken from some famous author’s book, but dear friend, trust me it is our understanding, and one day as you progress with us, you’ll realize the fact and agree with us.

World markets, whether its Equity, Commodity or Forex all were eyeing on FOMC meetings outcome, and finally it declared, (we are sure you’ll all know details); in reaction to that Equity market panicked and turned down sharply, while Commodity and Forex market witnessed some gains, but everything proved short sighted, market moved in its original wave.

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