Following the Indian Stock Market,Nifty,Sensex and Stocks,by various Technical Analysis Methods for Intraday,Swing and Positional Trading to deploy Personal Finance,Maximize the Profits and Create Wealth.The Blog shares my Nifty Trading Analysis and Trading Strategies. No Tips here.
you said MACD below zero so bounce if comes will be corrective one......after reading this i checked nifty hourly charts ,whenever there is correction in nifty almost all time MACD is below zero so how to know whether the bounce is corrective or impulsive.
MACD is a Trend following indicator (also lagging) and till the averages move above the zero mark the Trend change is not considered in that TF. Take the price level mentioned into consideration while trading with a view of macd above/ below 0 mark.Only price invalidations of subwaves can let u know whether its impulsive or corrective. Here I meant to caution readers not to jump for a reversal trade till macd settles above 0 else follow the prevailing trend.
9 comments:
Nice charts AAR VEE
Excellent analysis as always
Thanks
you said MACD below zero so bounce if comes will be corrective one......after reading this i checked nifty hourly charts ,whenever there is correction in nifty almost all time MACD is below zero so how to know whether the bounce is corrective or impulsive.
Sir, excellent analysis.. Will try n remember the levels n trade accordingly..
Saurabh
Thanks SAN
Thanls MD Dharmendra
Thanks Saurabh ,Hope it helps.
Shivan Gupta ,
MACD is a Trend following indicator (also lagging) and till the averages move above the zero mark the Trend change is not considered in that TF. Take the price level mentioned into consideration while trading with a view of macd above/ below 0 mark.Only price invalidations of subwaves can let u know whether its impulsive or corrective. Here I meant to caution readers not to jump for a reversal trade till macd settles above 0 else follow the prevailing trend.
Dear RV!
Very good analysis as always, keep continue good work.
Rgrds,
Kumar
Thanks Kumarji ,
Regards
good work with grace as always
god bless you
shaggy boo
Thanks Shaggy Boo
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