Chart Insights : Day Chart
Index Trading at 56800 on 15-Jul-2025
Observed RSI Divergence on Bank Nifty 1 Day Chart.
- Bearish RSI Divergence: While Bank Nifty has been making higher highs, the RSI hasn’t followed suit. This disconnect suggests buyers are losing steam.
- Rising Wedge Pattern: The index is trading within a rising wedge—a bearish formation that often precedes a pullback. Breaking Rising Wedge would confirm the same.
Lets wait and see
Index Trading at 56800 on 15-Jul-2025
Observed RSI Divergence on Bank Nifty 1 Day Chart.
- Bearish RSI Divergence: While Bank Nifty has been making higher highs, the RSI hasn’t followed suit. This disconnect suggests buyers are losing steam.
- Rising Wedge Pattern: The index is trading within a rising wedge—a bearish formation that often precedes a pullback. Breaking Rising Wedge would confirm the same.
Lets wait and see
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.