Its a Bear Market and not correction

[hari09omkar]

hi
i gave second thought to ur reading,,,rgt i ma wrong!!!
just chcek teh chrt attached..

nifty for short term in buy above 4940in close

renu

This is not divergence Mam.This is convergence.Price and ur oscillator are not in disagreement with each other.

 

[oxusmorouz]

hi
members,,
interesting just check....out nifty showing divergence since 21st jan till now ,,when changing the chart in line format....positive divergence with rsi..
kindly check....and comment....seniors i requset u pls highlight on this notification...!!!
am i right / wrong
renu

Owing to the way in which the RSI (or MACD or momentum/ROC or whatever price oscillator) is calculated, divergence "will" be visible when the prices fall-rise-fall again (positive divergence) or rise-fall-rise again (negative divergence). Why? Because the retracement causes averaging out of the indicator and the indicator moves upto central level.

 

[bvpraveen]

A flat(sideway movement) can easily create a divergence, as the divergence are relative to previous pivot high/low.

 

[amitt29]

Whats a "central level"?

 

[renu daga]

hi
what i still think it is divergence,,,,rsi moving in upper direction ,,and nifty close is moving on down side...

renu

 

[hari09omkar]

hi
what i still think it is divergence,,,,rsi moving in upper direction ,,and nifty close is moving on down side...

renu

Ok if u think so....but what's in thinking?

 

[oxusmorouz]

Whats a "central level"?

Midpoint sorta thing (although not exactly midpoint in all cases). 50 for RSI, 100 for Momentum, 0 for ROC, 0 for MACD etc.

 

[MINITRADER99]

Midpoint sorta thing (although not exactly midpoint in all cases). 50 for RSI, 100 for Momentum, 0 for ROC, 0 for MACD etc.

Thank you for this useful information.

 

[sudoku1]

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[mediafright]

Nifty and BSE Price Alerts?

Does any one know a website that would send us an alert when Nifty or Sensex reaches a price target?

Ex: I would like to receive an alert if the Nifty is above a value or below a value. I live in US.

Thanks for your help !!

PS: Just registered and this is my first post.