NIFTY - RSI NEGATIVE DIVERGENCE
Nifty again hits ATH today but the price slided afternoon.
1. In hourly chart, nifty clearly forms a negative divergence in RSI which is a negative sign.
2. It is travelling in a parallel channel, the price hits the top end of the channel and slided slightly.
considering those two factors, nifty might retouch 15600 levels, lets wait and see tomorrow.
1. In hourly chart, nifty clearly forms a negative divergence in RSI which is a negative sign.
2. It is travelling in a parallel channel, the price hits the top end of the channel and slided slightly.
considering those two factors, nifty might retouch 15600 levels, lets wait and see tomorrow.
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