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Bearish divergence in NIFTY

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S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
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NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Technical Indicators Trend Analysis NIFTY
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indicator trendanalysis nifty
Today's upmove had the bears running helter-skelter, but the hourly chart shows negative divergence with RSI making a lower low while NIFTY made a higher high. Let's see how (and if) this divergence will play out next week.
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Disclaimer: Do your own due diligence for buy/sell decisions.

Idées en relation

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We are close to reversal in Nifty
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Nifty month end view (June 2022)
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Divergence in DXY
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