Evening Star in Nifty EOD Charts

Nifty EOD Daily charts are showing Evening Star formation. Now first lets see what exactly is this Evening Star and its implication 1. The first bar is a large white candlestick located within an uptrend.2. The middle bar is a small-bodied candle (red or white) that closes above the first white bar.3. The last bar … Read more

Divergences in Technical Analysis

Often times, you may have noticed that we point out market conditions that are showing a “Divergence”. What are divergences and why are they important? First … a divergence usually involves the direction of an asset’s price versus the direction of an indicator that suddenly starts to move in an opposite direction. Market technicians consider … Read more