Expecting a bounce by today EOD, if fails then will follow price action and will update setup.
As of now small parallel channel if breaks out upside we'll look for potential TGTs of 15243 / 15314 / 15770
Hope for the best.
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NIFTY SPOT 8879
RSI helps catch reversals with it's divergence obviously, but as per my observations.
It also expands the zones, like from overbought to more overbought, oversold to ... (You know it now what I'm talking about ;) )
Yes, I'm bearish as long as NIFTY is below the 9132 level on closing basis.
TGT around 8376 level.