kumarankit231

Negative divergence and then positive reversal complete.

Long
NSE:IEX   INDIAN ENERGY EXCH
A bearish (Negative) divergence occurs when the price makes a higher high and RSI makes a lower high.


A Positive Reversal occurs When the price makes a higher low while RSI makes a lower low. Price proceeds to rise. Positive Reversals only occur in Bullish Trends. Positive reversal trendlines are drawn on lows.

Comments

hi u mean to say there is no strenght in the counter
the price will fall
pls reply if possible
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kumarankit231 regentcards21
@regentcards21, according to the chart strength of the price was weak and not supported by RSI so it's corrected , now it is getting ready for another rally.
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regentcards21 kumarankit231
@kumarankit231, ty sir
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I think 320 is good support
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