BANKNIFTY INDIA OUTLOOK FOR SEP 16, 2025 ::-
BANKNIFTY HOURLY CHART
PRICE ACTION FACTOR : Monday it tried to cover 54950 but failed to sustain above the resistance. But closed above purple trend line.
RSI FACTOR : RSI count for D, 3H, 1H AND 15Mins respectively are 51, 61.7, 61.4 and 44.1. Breakout from negative RSI divergence failed near the overbought zone in Hourly time frame.
VIEW : BULLISH ACTIVITY WILL COME ONLY ABOVE 54950 AND BEARISH BELOW 54800.

Comments
Post a Comment