Re: Sensex TECHNICALS
hello....pls can anyone interpret the following data for e.g reliance(just put as an example)
its from 9th july,07 to 9th july 08
macd(13-21) macd signal(8) (59.10, 84.70) -> monthly chart
macd(13-21) macd signal(8) (-63.78, -34.87) -> weekly chart
macd(13-21) macd signal(8) (-49.40, -50.49) -> daily chart
well ,actually wt i wanna know is :
1) does monthly, weekly , daily charts tells us the script performance in anywys..?
2) which is the better performance ...weekly or daily for reliance ? apart from monthly
3) is this data important ? or wt we actually c the convergence & divergence on the chart ?
actually i m in doubt wt i mean to ask...if anyone can interpret , let me know the analysis in his way...
harsh