Angel One - Learning for Negative RSI divergence
ANGELONE
1) Chart attached in media
2) This is weekly chart
3) Upper side of the chart is showing price movement
4) Lower side of chart shows RSI
5) Trendline on the upper part of chart shows that the Prices are going up market with Blue-line
6) Trendline drawn on lower side of the chart as well where we see RSI is slightly going down. This is called as negative RSI divergence. Prices are going up and RSI going down.
This indicates that prices are getting ready for downfall.
7) After this divergence big fall came on stock
This is for information and learning. This is not a buy/sell call.
Thank you,
Technofunda24
#WatchOutFor#TechnicalViews

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