Bank nifty Monday Technical analysis for chartink.com
Bank nifty Chart ЁЯУЙ ЁЯУИ 4hrs time 21March
The image displays a stock chart with technical indicators, specifically the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI). The chart likely represents the price movement of a stock or index over time. Here's a breakdown:
MACD:
A trend-following momentum indicator showing the relationship between two moving averages of a security's price.
MACD line: Calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA.
Signal line: A 9-period EMA of the MACD line.
Histogram: Represents the difference between the MACD line and the signal line.
RSI:
A momentum oscillator used to measure the speed and change of price movements.
Average:
Most likely refers to a moving average, providing a smoothed representation of price trends.
The values provided (e.g., MACD 453.85, RSI 78.33) are specific to the charted asset at the given time. The date "Mar 20" on the x-axis suggests the chart covers a period in March.
Declaration:
This is only educational learning purpose, Tomorrow Market what to do action but technical part are very important work on 70.
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