Key Points
The momentum oscillator RSI has entered a bullish crossover..
The momentum indicator RSI has given a breakout from a falling trend line, confirming the buy reversal..
The BoB stock has formed a cluster of support on the lower end of 160-158 which will act as a cushion for the bulls..
The stock on the lower time has found support on the rising trend line and also a falling trend line breakout..
The stock has moved up after a prolonged downward trend on the daily chart, suggesting a rise in optimism..
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30, Sep, 23A decisive decline below this level could potentially drive the index towards 43,800/43,500. On the upside, 45,000 is likely to provide strong resistance,” he said.
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28, Jan, 24The Bank Nifty index experienced significant selling pressure in the past week, causing it to trade below crucial short-term moving averages. The next immediate support for the index is at 44,000, and a conclusive break below this level is likely to intensify the selling pressure, potentially pushing the index towards 43,000.