Is Nifty In Uptrend

Yes Nifty Is In Uptrend

If you look at the simple with open eyes, then its direction can be known.

We will also see some basic and most simple indication, then we get to know about 90% of the market.

for example:

1. As seen in the image of this blog I have drawn a simple line connecting 3 swing lows From this it is known that the direction of the market is up.

2. because that line is going up, And plot 200 days exponential moving average (ema) on the chart, whenever the market is in an uptrend, it stays above the 200 EMA.

And it is at the lower point of the channel, so this further confirms us.

3. MACD in itself is such an indicator which confirms us of both these above things trendline and ema

Whenever the market is at the point of taking support, the histogram bar start formation from -0  to + 0 line after that MACD line crosses above to signal line,

Blue line is MACD line and orange is line is signal line