On weekly chart it has taken support on exact 21 EMA Line. now is it ready for a turn? What do you think?
Still very little divergence and looks strong.
Good triangular pattern. May breakout soon. Consolidation over.
A bearish(Negative) divergence occurs when the price makes a higher high and RSI makes a lower high. A Positive Reversal occurs When the price makes a higher low while RSI makes a lower low. Price proceeds to rise. Positive Reversals only occur in Bullish Trends. Positive reversal trendlines are drawn on lows.
Divergence occurs when the RSI is increasing and the price movement is either flat or decreasing. Conversely, divergence occurs when the RSI is decreasing and price movement is either flat or increasing. A bearish(Negative) divergence occurs when the price makes a higher high and RSI makes a lower high. As in the first case. we can see a significant price fall...
RS nifty has picked up. MACD will soon pick up.At fibonacci retractment level.