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Ankit1242
Sep 21, 2020 2:46 PM

Is it Divergence ? Short

RELIANCE INDSNSE

Description

Prices is making a higher high and the indicator is making lower highs.So may be it is an indication of bearish divergence in RSI.

Trade closed: target reached

Now after retesting support it will go up...
Comments
truelive101
If we look at the trend after May it's up and now it's going down in RSI, it's showing as the failing divergence, for intraday traders it will be a good time and for swing trader it might be a hard time, but for long time it will always be a good time to invest...
AatishRThakur
There are two ways at looking at it:
1. What you have mentioned - which is practically fair point
2. Another, inspite of the lower lows in RSI, the prices are not falling much, lacking momentum. (Low range candles)
Volumes should play a bigger role here.
Just my opinion. Good Observation.
Ankit1242
Almost target Achieved ...
Ankit1242
thnx..
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