ipuneet

BankBifty - Weak, Oversold and volatile.

NSE:BANKNIFTY   NIFTY BANK
Multiple gap gowns in a short span of time, historic low RSI , high ATR.

You can call it super weak or highly oversold markets.

Comments

Heyy bro
Everyone say oversold when 26000 banknifty
Now 23971
Ready for another 10% down .
Rsi not working
Reply
ipuneet ankit_prajapati
@ankit_prajapati, Hi Ankit, Markets do remain oversold and continue falling for long time, extreme panic conditions are very different from normal market conditions. Right way to using RSI is wait till it turns and exceeds 30 or 40 levels.
+1 Reply
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