Bank Nifty analysis for 24th Nov 2021
Bank Nifty
Daily charts show no hope of recovery. In fact, the daily charts have just gotten into a bearish cross over in the EMA along with the MACD and its' histogram.
Hourly charts on the other hand give me some hope. MACD and histogram have given the initial bullish reversal pattern. RSI is in an up-trend too. The confirmation would be when the EMAs give us a strong crossover.
15 min charts are not interesting again but we cannot deny the fact the the chart has a new up trend. The up trend is not very strong or prominent but it does look like a sunshine in the meadows. RSI on the other hand is over the 50 mark and in the bull zone but MACD looks weak now.
Overall, I feel that we will see a small running correction tomorrow. I am still not confident because of the MACD signals on the daily chart.
CMP:- 37272.80
Support (low made today):- 36647.75
Daily charts show no hope of recovery. In fact, the daily charts have just gotten into a bearish cross over in the EMA along with the MACD and its' histogram.
Hourly charts on the other hand give me some hope. MACD and histogram have given the initial bullish reversal pattern. RSI is in an up-trend too. The confirmation would be when the EMAs give us a strong crossover.
15 min charts are not interesting again but we cannot deny the fact the the chart has a new up trend. The up trend is not very strong or prominent but it does look like a sunshine in the meadows. RSI on the other hand is over the 50 mark and in the bull zone but MACD looks weak now.
Overall, I feel that we will see a small running correction tomorrow. I am still not confident because of the MACD signals on the daily chart.
CMP:- 37272.80
Support (low made today):- 36647.75
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。