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Bullish Formation:Nifty- Weekly MACD upward Intersection


Just click on chart for its enlarged view
MACD

Most important development 3 week before that MACD line upward intersection of Average line and it is confirmation of rally. Weekly MACD cross over gives confirmation to long trend therefore strong confirmation to up trend 3 weeks before. Both lines started to move up near equilibrium line and MACD line has moved it above therefore it is strong indication of rally in the coming week.