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agasthya_d
Oct 7, 2021 1:51 PM

NIFTY, RSI showing divergence - is it Trend reversal ❓ 

Nifty 50 IndexNSE

Description

🛑 NIFTY forming Higher highs in 4 Hour time frame , whereas RSI indicator showing divergence ,
By forming Lower lows


Possible trend reversal may occur
◽Nifty as to close above 18000 otherwise , market will be weaker
◽Crude oil testing 3Y highs
◽Bond prices were increasing
◽ Inflation is an another concern
Now everyone eyes and Everything depends on RBI event , RBI will likely to announce the Repo n Reverse Repo rate tomorrow morning

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Have a good day 😊
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