What is RSI negative divergence?
Negative divergence happens when the price of a
security is in an uptrend and a major indicator
such as relative strength index (RSI) heads
downward.
Price has fallen almost 25% from all
time high levels, it has given breakout
from the falling trend if sustained can
make a new all time high but first
price has to clear ₹ 206 levels.
This chart represents NIFTY/CNXSMALLCAP every time the ratio hits this trendline smallcap are likely to fall until the ratio break the trendline downside!
