📌 Chart: NIFTY – Monthly TF
I'm observing 3 major signals that could define the next few months for NIFTY:
1️⃣ Price Stretched Far from Anchored Averages (AVs):
Price is trading significantly above all major anchored levels — showing trend strength, but also a high risk of reversion if momentum weakens.
2️⃣ RSI Bearish Divergence Developing:
While NIFTY approaches the 26,000 zone, monthly RSI is diverging — a classic sign of slowing upside strength, often seen at major cycle tops.
3️⃣ Anchored Volume Node at ~17,788:
High volume accumulation took place here before the current rally. If correction begins, this level could act as structural support or a re-entry base.
⏳ My Conclusion:
We may be in the final leg of the current bullish run. 26,000 is a key psychological + technical level. I'm watching for exhaustion signs in July. If divergence plays out, a retest of AVs or volume anchor around 17,788 is not unlikely.
📉 Long-term caution with a plan to hedge or rotate into defensive themes may be wise.
💬 Would love to hear your thoughts — is this the early sign of a cycle top, or just another pause?
I'm observing 3 major signals that could define the next few months for NIFTY:
1️⃣ Price Stretched Far from Anchored Averages (AVs):
Price is trading significantly above all major anchored levels — showing trend strength, but also a high risk of reversion if momentum weakens.
2️⃣ RSI Bearish Divergence Developing:
While NIFTY approaches the 26,000 zone, monthly RSI is diverging — a classic sign of slowing upside strength, often seen at major cycle tops.
3️⃣ Anchored Volume Node at ~17,788:
High volume accumulation took place here before the current rally. If correction begins, this level could act as structural support or a re-entry base.
⏳ My Conclusion:
We may be in the final leg of the current bullish run. 26,000 is a key psychological + technical level. I'm watching for exhaustion signs in July. If divergence plays out, a retest of AVs or volume anchor around 17,788 is not unlikely.
📉 Long-term caution with a plan to hedge or rotate into defensive themes may be wise.
💬 Would love to hear your thoughts — is this the early sign of a cycle top, or just another pause?
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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.