Wednesday, December 18, 2019
RSI on the ASI shows a bullish divergence on the Hourly Chart
6050 was a level that got respected during the present consolidation of the ASI. During this period we saw the RSI going up in the opposite direction of the down trending ASI on the hourly chart. This is a bullish sign for the Index, But need to see the RSI breaking above 50 points to add strength for the ASI to make a trend reversal.
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