NIFTY 30 APRIL 2025 (INTRADAY) - Major RSI divergence on hourly chart. Crucial point 24200 !!!
Hello everyone,
Since yesterday, I have been drawing attention to this discrepancy. This still happens now in the same manner. The degree of disparity is increasingly unsettling. I avoided buying index trades at the moment just by looking into this one.
Usually, divergence acts at a certain threshold. For there to be a fall, it must at least break one support. The Nifty is currently too strong to breach any support. Since the morning, it has not dropped by even fifty points.
There is no point to short unless it breaks support.
Because the above pattern may result in some quick moves, traders are recommended to exercise caution.
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