Power of RSI on Expiry Day


RSI Positive Divergence. It has taken the support of 5 DMA (11652 approx), as the price is showing strength by not making a new low and RSI the momentum indicator has made a lower low. Thus this divergence will help the benchmark index Nifty to move towards the upside with a target of 11730 with a stop of 11652." data-username="AMPLIFYKOLKATA" data-message="asksdfds">
Nifty Spot hourly chart has formed RSI Positive Divergence. It has taken the support of 5 DMA (11652 approx), as the price is showing strength by not making a new low and RSI the momentum indicator has made a lower low. Thus this divergence will help the benchmark index Nifty to move towards the upside with a target of 11730 with a stop of 11652.
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