Swarnendu_Mitra

NIFTY hourly chart with RSI

NSE:NIFTY   Nifty 50 Index
NIFTY has broken down the RSI Trend-line and has given a pullback to retest the TL. But during that process, it has also created a hidden bullish divergence . So, RSI outlook is neutral. but short if the following criteria meet.

1. RSI doesn't CLOSE above 70 again.
2. An hourly candle CLOSES below the Horizontal line
3. Corresponding RSI also CLOSES below it's Horizontal line.

Trade active only after candle close, or if it's too obvious. Target RSI 30, SL RSI 70, TSL every intermediate tops the RSI makes before breaking the intermediate bottoms.