Get started
sankhyainvestments

bank nifty RSI based observation

Nifty Bank Index (NSE:BANKNIFTY)  
sankhyainvestments  
NSE:BANKNIFTY   Nifty Bank Index
Oscillators Trend Analysis Chart Patterns BANKNIFTY momentumstrategy rachanak alwayzrachana
14
2
oscillator trendanalysis chartpattern banknifty momentumstrategy rachanak alwayzrachana
DAILY RSI = 73
4H RSI = 68 ( ABOVE 65, LESS THEN DAIILY RSI)
HOURLY RSI = 65 ( @65, LESS THEN 4H RSI)
15mn RSI = 56 (LESS THEN HOURLY RSI)

🛑OBSERVATION🛑 :-
ABSOLUTE MOMENTUM IS BULLISH ON ALL TIME FRAMES
RELATIVE MOMENTUM SEEMS ON WEAK SIDE

SUCH SITUATION CAN BE INTERPRETED AS

OVERALL BULLISH TREND BUT WITH SIDEWAYS MOVE

disclaimer - for study purpose only.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.