Positive RSI Divergence

As it can be seen on the Daily Time frame chart

The price has moved down from 55165 to 53833 (-1332 points)
during the time period of 25/10/24 to 13/11/24

While during the same time period the RSI has moved
upwards from 28.99 to 30.66

It is a 13 bar divergence

If the RSI crosses and sustains the level of 40 on Daily time frame ,
we could expect an upmove towards 55230 / 56500 levels respectively.
Chart Patternsmidcapstocksniftymidcap100OscillatorsTechnical AnalysisTrend Analysis

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