It's a perfect chart to understand about negetive and positive divergence. When price go up and rsi go down its call negetive divergence (indicate by blue line in chart) after that price will go down & if price go down and rsi go up its call positive divergence (indicate by red line in chart) after that price will go up.
Last 4 days nifty50 has been created confusion in market that what is the next level of nifty. it will gone up or down. Today nifty has been closed@11194 and RSI value is 71.78. But if we see 21st july RSI value that is 73 and closing price of nifty is 11162. see difference both rsi value.It is clearly indication that nifty will be gone down on monday.
Reliance is showing uptrend as technically and fundamentally. strong support is 1600 and will be came at this level and after that it will be gone upto 2360. My suggestion is buy this stock on every dip and hold for 3-4 month. it will given to you good return.
ITC in bullish trend you can see RSI. RSI is 57 and it show bullish trend and volume is indicating same trend with 180 strong support. it will be gone @205 in coming days. if stock sustain at this level you can see 220.