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TAGaganDeep

RSI Divergence in SGX Nifty

GIFT NIFTY 50 INDEX FUTURES (NSEIX:NIFTY1!)  
TAGaganDeep  
NSEIX:NIFTY1!   GIFT NIFTY 50 INDEX FUTURES
Trend Analysis Chart Patterns Technical Indicators sgxnifty NIFTY BANKNIFTY rsidivergence Rising Wedge stockstotrade candlestickpattern valueinvesting
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trendanalysis chartpattern indicator sgxnifty nifty banknifty rsidivergence risingwedge stockstotrade candlestickpattern valueinvesting
The charts clearly shows short term bearish RSI divergence coming in the way of a Rising Wedge pattern on the Daily charts of SGX Nifty.
Last week Friday ended up forming a Spinning Top in SGX Futures while Spot formed a Grave Stone Doji.

These are early waring signals that we may witness a downside as the market finds immense pressure at the moment to continue its upside.

Breakdown awaited.

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