Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
ICICI Prudential Nifty Bank ETF

BANKIETF.BO Technical Analysis Summary (BSE)

Analyze BANKIETF.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

BANKIETF.BO●BSE
Financial ServicesAsset Management
₹57.92
₹0.13(0.22%)
Indian Market opens in 13h 55m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

BANKIETF.BO Technical Analysis Summary (BSE)

ICICI Prudential Nifty Bank ETF (BSE: BANKIETF.BO) stock currently shows a bearish trend on the BSE, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 35.33)
Trend Strength:Very Strong (ADX: 41.54)
Volatility:Low (ATR: 0.76)
Support/Resistance:$57.60 – $59.74 (Bollinger Bands)

Technical conditions suggest ICICI Prudential Nifty Bank ETF on the BSE is awaiting a decisive move. Overall, ICICI Prudential Nifty Bank ETF remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 35.33

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 30.61

Bearish
Momentum remains weak below midpoint.

Williams %R: -69.47

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -2.15

Bearish
Selling pressure outweighs buying.

Takeaway:ICICI Prudential Nifty Bank ETF shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.33

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 41.54

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.76

Low
Low volatility, stable price action.

CCI (14): -83.69

Bearish
Bearish, momentum remains under pressure.

Takeaway:ICICI Prudential Nifty Bank ETF shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$59.74
Middle Band (SMA 20)
$58.67
Lower Band
$57.60
Current Position
Within Bands

Takeaway:ICICI Prudential Nifty Bank ETF trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$60.01
Middle Line (EMA 20)
$58.49
Lower Channel
$56.97
Squeeze Status
Squeeze On

Takeaway:ICICI Prudential Nifty Bank ETF trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume57.88K
Money Flow Index7.19Bullish, oversold conditions signal rebound potential.
Relative Vigor Index31.76Bearish, price momentum favors sellers.

Overall Takeaway:BANKIETF.BO shows oversold money flow, with rebound potential building.

Technical Trading Signals Summary
Based on the current technical analysis of ICICI Prudential Nifty Bank ETF (BSE: BANKIETF.BO), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:ICICI Prudential Nifty Bank ETF shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(BSE: BANKIETF.BO) Technical Analysis FAQ