SGX Nifty made high of 18142.5 & then it formed a pattern called as "Bearish Engulfing.
SGX Nifty was forming higher highs with negative divergence. It formed Top 1, Top 2 , Top 3 & Top 4 with lower volumes.
Whenever any stocks or indices made higher highs with dry volume i.e. Negative divergence wait for chart pattern to form because it means that particular stock or indices will fall , no one can tell the timing but we have to follow the chart pattern to make our trade.
Good Luck
SGX Nifty was forming higher highs with negative divergence. It formed Top 1, Top 2 , Top 3 & Top 4 with lower volumes.
Whenever any stocks or indices made higher highs with dry volume i.e. Negative divergence wait for chart pattern to form because it means that particular stock or indices will fall , no one can tell the timing but we have to follow the chart pattern to make our trade.
Good Luck