c0dchef

CNXAUTO - 1D - DIVERGENCE

NSE:CNXAUTO   Nifty Auto Index
Positive Divergence is seen on Daily Chart of CNXAUTO. Could this be a relief in the auto sector? Maybe Yes? or Maybe Not? I searched on google about RSI Divergence(s) before posting this as my charts are generally based on Harmonics and I don't know about divergences or general technical analysis that much. This is on a Daily Timeframe so can be seen as a reliable indicator I guess. Let me know if there is something wrong in my deduction from this chart and RSI combo.
Feragatname

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