Nifty Monthly MACD + Divergence

١٥ مايو ٢٠٢٣

Last 15 years of Nifty monthly chart shows that everytime the monthly MACD has gone into sell, the market has to the 50MMA atleast. Currently that value is placed at 14k. Are we gonna be different this time. For now it's been 💯 of the time. Also note the RSI and MACD divergence with respect to the price.
Will be intresting to watch
Currently 50MMA is placed around 14500 on Nifty