Nifty is in Divergence Zone !!!
A settling Zone has been observed!
In this bull run, it has been observed that near about every week Nifty is breaking high and going up but now there are some divergence observed technically along with statistically also. Let me clear to you that divergence does not always mean the reversal, sometimes it means breather after the run also.
Lets, Discuss the technical Chart first...
Now, it has been observed that there is a reversion of weekly and monthly data and both have broken the pattern.
So, from here my findings assured me through both the analysis that the probability of going northwards is less.
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