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Short

RSI Bearish Divergence

NSE:WIPRO   WIPRO
If the price is making a new high but RSI doesn’t make a corresponding new high, there isn’t enough strength in the price movement and may peak out. A reversal is expected shortly after this situation.
When RSI is making a new low and price is making a new high, it is called as bearish divergence. A bear trend is observed after divergence is observed.

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