NIFTY CHART

 Here’s a structured interpretation of RSI based analysis:

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Market Analysis: Positive Divergence and Key Levels

Date Range: November 18, 2025, to January 27, 2025

RSI Values:

• RSI (14) on November 18, 2025: 28.7
• RSI (14) on January 27, 2025: 33.90

Key Observations:

1. Positive Divergence: The increase in the RSI from 28.7 to 33.90 indicates a potential positive divergence. This suggests that while the price may not have significantly increased, the momentum is building, which could lead to a bullish reversal.

2. Thump Rule Application: According to the "thump rule," if there is a positive divergence, the price will likely break through the previous high.

3. In-Between High: The in-between high is identified at 24,857. This level is crucial as it represents a potential breakout point.

4. Immediate Resistance Level: The immediate resistance is noted at 24,943, corresponding to the 61.8% Fibonacci retracement level of the latest swing from 26,277 to 22,786. This level will be critical to watch as a break above it could confirm the bullish sentiment.

Conclusion:

Given the positive divergence and the key levels identified, traders should monitor the price action closely around the in-between high of 24,857 and the immediate resistance at 24,943. A successful breakout above these levels could signal a stronger upward trend, while failure to break could lead to further consolidation or a potential reversal.

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