Hi Hitesh,
I can see divergence in weekly RSI for almost all indexes excluding bank & financials.
e.g. Nifty 500 since the 2nd week of Jan 2024 until 22nd April the RSI has been making lower lows while the market has been moving up.
Would you read too much into it?
aside, most businesses I track have shown moderate to low growth Quater on Quater, it could simply be a coincidence.
Any thoughts?
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