Thursday, May 28, 2009

Negative divergence



Nifty could see some correction tommorow as negative divergence is seen on all indicators.
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3 comments:

  1. ttthakurMay 28, 2009 at 8:55 PM

    Thanks for advance warning!Renuji.
    However, I have one query on Nifty's elliot waves.
    The query is: Is Nifty currently in B wave or in Primary 3 upwave?
    Thanks and Regards.
    ttthakur

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  2. DojiMay 29, 2009 at 1:08 AM

    Hi Renu,

    I found your blog from Sunil sir's blog. Your blog is very nice. Just wanted to say hi, we share some commonalities :)

    -Doji
    www.ChartReader.co.in

    ReplyDelete
  3. renuMay 29, 2009 at 8:54 AM

    @ttthakur ji, i am also a novice in elliott wave analysis and you know elliott wave is based on various possiblities ,looking at movement of nifty from 2500 levels ,this move being primary wave 3 looks more appropriate.

    @Doji.....hi ,i saw your site and its really very good,your presentation is very clean and self explanatory and yes we both base our analysis on various chart patterns.........so keep it up and best of luck.

    Renu

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