The modified RSI displayed in the SS indicates that the Nifty's downward trend should be halted for the time being, as it hit the lower ceiling of the Bollinger band today. This could cause the RSI oscillator to move sideways or undergo a correction, which would help it avoid breaking this bollinger band lower ceiling as showed in the SS.
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.
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.