Friday, January 17, 2025

NIFTY CHART


 It seems like you meant "positive divergence from 25/10/2025", but the date appears to be in the future. You might have meant 25/10/2023 or another past date. Assuming you meant a previous date, here's what positive divergence typically refers to in technical analysis:

  • Positive Divergence occurs when the price of an asset is making lower lows (a downtrend), but an indicator (like the RSI, MACD, or stochastic) is making higher lows. This suggests that although the price is dropping, the momentum behind the price movement is weakening, and a potential reversal or trend change could be on the horizon.

  • Swing 26277-21281: This could refer to a price range or a historical movement of a particular financial instrument.
  • Support at 61.8% at 23189: This indicates a Fibonacci retracement level where there is expected support or resistance based on Fibonacci ratios. In this case, 23189 is identified as a key support level at 61.8% retracement from some previous move.
  • Sustained above this level for the past 2 days: The price has been trading above 23189 for the last two trading days.
  • Consecutive 3 close is good for +ve: If the price closes above 23189 for three consecutive days, it is seen as a positive sign, potentially indicating further upward movement.
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