The RSI made a new high relative to prior oscillator peak but the closing price associated with the new oscillator peak is at a lower level.
The oscillator is becoming overbought when nifty prices are a lower level.
Nifty might be beginning to become weaker.
The oscillator is becoming overbought when nifty prices are a lower level.
Nifty might be beginning to become weaker.
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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.