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mklives

Bajaj Finserv. long term divergence

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BAJAJ FINSERV LTD (NSE:BAJAJFINSV)  
mklives  
NSE:BAJAJFINSV   BAJAJ FINSERV LTD
Trend Analysis Chart Patterns Technical Indicators
3
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trendanalysis chartpattern indicator
Bajaj Finserv is a classical example of why divergence can be tricky.
monthly RSI has been forming lower highs but PRICE has been making higher highs..
divergence works better on daily charts, especially triple or quadruple divergence

just something in noticed. please correct me if i am wrong.
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