Nifty’s been grinding higher on the 30-minute chart, printing fresh highs—but RSI isn’t buying it.
🟢 Price: Higher highs
🟣 Oscillator: Lower highs
That’s a classic bearish divergence—a potential red flag for an upcoming correction.
Momentum is fading even as price climbs. This usually hints that the trend’s running on fumes. A short-term pullback or pause in the rally could be just around the corner.
💡 Traders: Watch for confirmation, consider tightening stops, and don’t get caught chasing highs blindly.
🟢 Price: Higher highs
🟣 Oscillator: Lower highs
That’s a classic bearish divergence—a potential red flag for an upcoming correction.
Momentum is fading even as price climbs. This usually hints that the trend’s running on fumes. A short-term pullback or pause in the rally could be just around the corner.
💡 Traders: Watch for confirmation, consider tightening stops, and don’t get caught chasing highs blindly.
Note
As of 12:15 the next day, Nifty is down 500 points!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.