Is NIFTY In Bearish Divergence?

Nifty 50 IndexNSE

Description

⋅ Apr 24, 2019 1:13 PM

Looking at the daily chart, NIFTY price seems to be in divergence with the RSI. Does that mean that we can expect NIFTY to fall in a few days time, or does it still have some more steam to record a new ATH.

Trade closed: target reached

⋅ May 18, 2019 4:03 PM

Indeed, NIFTY was in bearish divergence.

Trend Analysis