30-11
Hourly chart of BANKNIFTY1!
LTP: 43387.20
RSI shows weakness and bearish divergence.
Overall trends (manual and 200 EMA) are bullish but the weakness may indicate profit booking which might bring down the rates.
Following the thumb rule, follow the trend, I will wait for the candles to come down to 42500 or so and wait for a bullish reversal before going long.
Going against the trend, aggressive and swing traders can go short.
Hourly chart of BANKNIFTY1!
LTP: 43387.20
RSI shows weakness and bearish divergence.
Overall trends (manual and 200 EMA) are bullish but the weakness may indicate profit booking which might bring down the rates.
Following the thumb rule, follow the trend, I will wait for the candles to come down to 42500 or so and wait for a bullish reversal before going long.
Going against the trend, aggressive and swing traders can go short.