Nifty forming bearish divergence

٧ مايو ٢٠٢٣

On the daily timeframe Nifty 50 has formed bearish divergence by making Lower High on price and double top on indicator. It has also formed a bearish shooting star candle on Friday. Bollinger band also indicates that Nifty can come down to 17800 which is also a major support zone. If 17800 is also broken then we should see more downside.