Almost every analyst has been talking about RSI divergence on monthly charts.
Besides divergences, RSI is making lower tops n bottoms, while nifty is doing just the opposite. A trend line break of RSI will indicate upmove in Index, while the opposite will indicate other-wise.
This chart may provide an important clue, that is significant for this point of time.
I repeat, ride the trend while keeping an eye of reversal signals.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
This post is not an advice to speculate using leveraged products, one must thoroughly understand the financial implications, consult some financial adviser before taking any positions.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Please consider hitting the LIKE button below the chart, if you find this post / idea worthy. You may also FOLLOW me over this forum for periodic updates on Nifty , Bank Nifty and bullion.
Besides divergences, RSI is making lower tops n bottoms, while nifty is doing just the opposite. A trend line break of RSI will indicate upmove in Index, while the opposite will indicate other-wise.
This chart may provide an important clue, that is significant for this point of time.
I repeat, ride the trend while keeping an eye of reversal signals.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
This post is not an advice to speculate using leveraged products, one must thoroughly understand the financial implications, consult some financial adviser before taking any positions.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Please consider hitting the LIKE button below the chart, if you find this post / idea worthy. You may also FOLLOW me over this forum for periodic updates on Nifty , Bank Nifty and bullion.