NIFTY, RSI showing divergence - is it Trend reversal ❓
🛑 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
If you like it do follow for more ,
Have a good day 😊
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
If you like it do follow for more ,
Have a good day 😊
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