August 22, 2015

NIFTY sell signal on kplswing indicator

NIFTY has given a sell signal on kplswing indicator (N=20).

Technically, this does not matter much as nifty has been rangebound this entire year so all signals have failed.

Price action trading has given far better results and will always outdo any indicator.

Note that what is rangebound in one time frame can be a trending market in another timeframe.

Here is the current chart showing the signals:

And this is the chart for the prior period:

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