RS Negative Divergence - Nifty IT
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There is negative divergence on Nifty IT chart where price is rising but the ration line is falling. In PnF chart also Price is above moving average with a DTB but the RS chart is below moving average. It is a caution for any long entries for this sector.
The price may keep rising for few sessions and may fall if the RS does not improve. Any bearish signal on price chart below moving average can be a good trade in such scenario.
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