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kumarankit231
May 29, 2021 5:43 PM

Negative divergence and then positive reversal complete. Long

INDIAN ENERGY EXCHNSE

Description

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
regentcards21
hi u mean to say there is no strenght in the counter
the price will fall
pls reply if possible
kumarankit231
@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.
regentcards21
SSR1999
I think 320 is good support
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