Nifty 50 - Analysis

Home
Nifty

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.

I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
NextGen Digital... Welcome to WhatsApp chat
Howdy! How can we help you today?
Type here...