Positive Divergence in RSI

Chart shows positive divergence and falling wedge...both favours bulls.

Chart taken from coldaro

I will not be able to update the blog for next few weeks....I will miss you all....wish you all happy trading and investing.

Short Term Swing Update

• Short term swing low (Lower low) formed at 4796. (As the closing was in green for the day on 22nd August).
• Short term swing high (Lower high) formed at 4966. (As the closing was in red for the day on 24th August).
• So, The short term down move will terminate above 4966.

4836---level to watch

chart taken from Richard Lehman

SHORT TERM SWING UPDATE

SHORT TERM----- (As per daily charts)
• Last swing high is at 5112. (Lower high)
• Last swing low is at 5015. (Higher low)
• Nifty is in down move (from 27th July) with targets (+/- 10 points) of 5490**, 5450**, 5410**.
• The down move will terminate above 5112.
• Short term swing low (Lower low) formed at 5015. (As the closing was in green for the day on 17th August).
• Short term swing high (Lower high) formed at 5112. (As the closing was in red for the day on 18th August).

Short Term Trend Update

SHORT TERM----- (As per daily charts)
· Last swing high is at 5198. (Lower high)
· Last swing low is at 4946. (Lower low)
· Nifty is in down move (from 27th July) with targets (+/- 10 points) of 5490**, 5450**, 5410**.
· The down move will terminate above 5198.
· Short term swing low (Lower low) formed at 4946. (As the closing was in green for the day on 10th August).
· Short term swing high (Lower high) formed at 5198. (As the closing was in red for the day on 11th August).