NSE:APOLLOTYRE is making a higher high whereas RSI is diverging by making a lower Highs. If taken a trade, In my opinion if RSI crosses below the support line one must exit the trade and take out profits
In NSE:APOLLOTYRE the stock was making Higher highs whereas RSI was making lower highs creating the divergence. The stock yesterday closed below the trendline and so did the Rsi. The target for the same will be the immediate support that is also the channel line of the stock.
* It is my analysis and not a buy or sell recommendation.
Closing price and closeing RSI on daily charts are showing bearish divergence, as you can see in the published chart. That gives SBI Cards a probability of correction in price before further upward movement.