BANKNIFTY INDIA OUTLOOK FOR SEPTEMBER 26, 2025 ::-
BANKNIFTY INDIA OUTLOOK FOR SEPTEMBER 26, 2025
BANKNIFTY HOURLY CHART
PRICE ACTION FACTOR : BANKNIFTY formed a SPINNING TOP which closed below the low of Wednesday. Price action contained in a FALLING WEDGE and Thursday close came again below PURPLE, 5 Year trend line.
CURRENT PCR- 1.08.
RSI FACTOR : RSI Count for D, 3H & 1H Charts respectively are 48.8, 42 and 36.3. This is a Classical BEARISH CONTINUATION SPREAD. Index to remain bearish on Friday again.
VIEW & TRADE PLAN :: WITH BEARISH CONTINUATION RSI SPREAD BELOW 54949 WE CAN HIT 54705 AND 54480. WHERE 55215 ACT AS DAY'S RESISTANCE

Comments
Post a Comment