Nifty
Support Gap tested and closed below it.
If sustains now below it the next step would be to test the demand zone.
The effects of negative divergence on RSI now
Pullback could not cross the peak as RSI kept making lower high and kept dripping down.
Support gap test and is under pressure.
Reversal is above 14900 and till then objective remains to exit long and sell.
The above perception is not for intra-day behavior.
Intra-day up and down trend can happen based on open and previous day close to decide the intra-day trend and momentum.
If sustains now below it the next step would be to test the demand zone.
The effects of negative divergence on RSI now
Pullback could not cross the peak as RSI kept making lower high and kept dripping down.
Support gap test and is under pressure.
Reversal is above 14900 and till then objective remains to exit long and sell.
The above perception is not for intra-day behavior.
Intra-day up and down trend can happen based on open and previous day close to decide the intra-day trend and momentum.
Disclaimer
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.