Negative classical divergence
BHARTIARTL we observe a negative classical divergence between price and the RSI indicator. Here, the price is making a higher high, but at the same time, the RSI is making a lower high. This divergence signals that even though the price is moving upward, the underlying momentum is weakening. Such a setup often warns of a potential reversal or correction, as buyers lose strength while sellers start to gain control. Traders use negative divergence as an early indication of a possible downturn despite bullish price action.
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