Distribution activity !
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Distribution activity !
look at Nifty 500 price chart and my R GD Breadth chart
same structure happening like 2021 top
when mkt rising in one way this indicator has given golden cross in november 2021 and mkt suddenly made top -currently very close to give golden cross over
#AhmedabadNest #breadth #divergence #analysis #StockMarketindia
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Hey. would you be able to share more on R GD Breadth chart. How do we read it ?
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Simple -> is conterian indicator
when R GD Breadth is in Golden crossover->Mkt is bearish
When R GD Breadth is in Death Crossover->Mkt is bullish
the way its is diverging seems in next 2/3 week it may have Golden cross over and mkt top
when this indicator is bearish look for shortning
when this indicator is bearish look for long opportunities as per the owns setups weather in candle/P&F/Renko This is the condition where system has high success ratio
soon will share the dates and can see the various sectors perform in Death & Golden cross over so can have idea
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Where and How to find this indicator or is proprietary ? any scan available ?
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Not available anywhere -in forum and various social media platform i will update time to time
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What does R GD means ?
