Among the oscillators, the weekly 14 periods RSI remain in uptrend thus supports the overall positive bias in the index.

Source: https://www.financialexpress.com/market/cafeinvest/bank-nifty-continues-to-outperform-nifty-50-bank-nifty-targeting-44900-nifty-to-retest-lifetime-high-of-18887-level/3105713/

Before addressing the operations of the company itself, which will help to inform this opinion, I want to briefly comment on MACD and RSI, just to rule out any interference from trading conditions.

Source: https://seekingalpha.com/article/4637006-cf-industries-cultivating-growth-investment-outlook?source=feed_all_articles

Pioneering modular engineering since 1967, RSI, is known for its strong record and international expertise.

Source: https://mid-east.info/red_sea_international-completes-51-stake-acquisition-in-first-fix/

The Nikkei's 14-day relative strength index (RSI) - a tool for measuring market momentum - was around 60 on Monday, below the 70 line that most analysts see as signalling overbought conditions.

Source: https://www.marketscreener.com/quote/index/NIKKEI-225-4987/news/Japan-s-Nikkei-reverses-early-losses-as-investors-hunt-bargains-44184134/?utm_medium=RSS&utm_content=20230625

The purple RSI line dropped to 40, which is not oversold, but it is near where the stock was back in May before the price increased significantly during the summer months.

Source: https://seekingalpha.com/article/4635696-cellebrite-di-helps-achieve-sound-of-freedom?source=feed_all_articles

There appears to be a possible positive divergence on the relative strength indicator (RSI, below the price chart).

Source: https://www.forbes.com/sites/johnnavin/2023/10/03/treasury-yields-up-again-how-it-hits-3-big-rate-sensitive-etfs/

The RSI is now 70 and signals an overbought situation.

Source: https://seekingalpha.com/article/4570209-alamos-gold-2022-gold-production-was-impressive?source=feed_all_articles

The symmetrical triangle comes as the RSI momentum gauge ranges in the neutral 30 to 70 zone.

Source: https://seekingalpha.com/article/4585437-vaneck-agribusiness-moo-etf-agriculture-stocks-value-shares-consolidate?source=feed_all_articles