NIFTY-- RSI Divergence Is Negative??

2024年2月20日

Nifty index is showing strong bullishness.
Price breaks the All time High again and printed a New High.
An Impulse move is identified but no corrective move detected, so those who wants to go long again,
wait for the price to retrace back.
wait for reversal in NIFTY index. Keep in long side as long as price in a channel.

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What RSI Divergence saying is::
If the stock is making new highs,
but the RSI starts making lower highs, this warns the price uptrend may be weakening.
This is negative divergence.
The trader can then determine if they want to exit the position or set a stop loss in case the price starts to decline.

2024年2月22日

註釋

2024年2月22日

註釋

price consolidation will observe in this place.