Bank nifty Monday Technical analysis for chartink.com
Bank nifty Chart 📉 📈 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...