bank nifty RSI based observation
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.
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.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.