for educational purpose - Nifty is showing Divergence in RSI indicator in weekly chart in spite of higher price (8992.5) then previous (8968.70). This trend was sharp and swift. And to uphold this trend Nifty should protect 8724.84 (fib level 0.236) other wise (fib level 8565).
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.