Technical learning on Nifty Chart - Positive RSI divergence
Technical learning on Nifty Chart - Positive RSI divergence
1) Nifty chart attached below - HAL (stock on radar)
2) This is for 4-hour
3) Prices are at same level
4) We are at same level as we were on 7th Aug - 24634 and today also we closed at same level
However, RSI moving Up
5) RSI was 41.9 and now RSI is 47.6
6) This is called as positive divergence.
7) This indicates possible up move in the nifty.
This is for learning purpose
This is not a buy/sell recommendation.
Thank you,
Technofunda24
#TechnicalViews#StockInNews

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