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nifty |
savnish
White Belt
Joined: 20 Nov 2009
Posts: 14
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Post: #1  Posted: Sat Mar 27, 2010 11:30 am Post subject: nifty |
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hi friends,
i think nifty bull may not sustain for long time. elliot wave count and rsi combination says double top may form here because rsi is showing weakness so trend may not sustain so long more. and my sub 5 wave is to form. so a trend is to end. kindly see attachment. ok.................... |
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newinvestor
White Belt
Joined: 16 Feb 2010
Posts: 120
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| Post: #2 Posted: Sat Mar 27, 2010 6:44 pm Post subject: |
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Savnish, did you miss the attachment.
I agree that a top may be forming.
It seems like a double top , as there is a RSI divergence forming.
Nifty is now at same level as a couple of days ago (close to 5300), but the
RSI seems to be forming a lower top.
Looks set for a downmove.
Can any experts comment on the above? |
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savnish
White Belt
Joined: 20 Nov 2009
Posts: 14
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| Post: #3 Posted: Sun Mar 28, 2010 9:24 pm Post subject: thanks |
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| newinvestor wrote: | Savnish, did you miss the attachment.
I agree that a top may be forming.
It seems like a double top , as there is a RSI divergence forming.
Nifty is now at same level as a couple of days ago (close to 5300), but the
RSI seems to be forming a lower top.
Looks set for a downmove.
Can any experts comment on the above? |
THANKS |
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