BANKNIFTY INDIA OUTLOOK FOR THE WEEK SEPTEMBER 22 - 26, 2025 ::-
BANKNIFTY INDIA OUTLOOK FOR THE WEEK SEPTEMBER 22 - 26, 2025
BANKNIFTY DAILY CHART
PRICE ACTION FACTOR : BANKNIFTY on Thursday formed HANGING MAN and Friday was followed by a LONG BLACK CANDLE. A follow up negative candle on Monday will be the confirmation of Short Time Reversal in the ongoing bullish trend. Any close below 55214 can drag the index towards 54900-54700 zone.
RSI FACTOR : RSI Counts for M, W & D Charts respectively are 62.6, 55.3 and 57.6. A Bullish sideways synchronized spread.
VIEW :: STARTING OF THE WEEK EXPECTED TO BE BEARISH. BELOW 55214 INDEX CAN MOVE TOWARDS 54900-700 ZONE. BULLS CAN STAND IF THEY GETS ANY CLOSE ABOVE 55555.

Comments
Post a Comment