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(NIFTY_50) Nifty 50 complete technical analysis [charts+indicators] | Buy/Sell Nifty 50 | (NIFTY_50) share price targets

Complete technical analysis of Nifty 50 (NIFTY_50) by charts plus indicators, forecast predictions and share price targets for Nifty 50 (NIFTY_50)

Showing technical analysis as on 2024-05-23 View latest technical analysis

10 day averaged volume of Nifty 50 is 2009102565

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	22967.65	22614.10	22993.60	22577.45	1.069 times
22 Wed May 2024	22597.80	22576.60	22629.50	22483.15	1.069 times
21 Tue May 2024	22529.05	22404.55	22591.10	22404.55	1.069 times
18 Sat May 2024	22502.00	22512.85	22520.25	22470.05	0.38 times
17 Fri May 2024	22466.10	22415.25	22502.15	22345.65	1.069 times
16 Thu May 2024	22403.85	22319.20	22432.25	22054.55	1.069 times
15 Wed May 2024	22200.55	22255.60	22297.55	22151.75	1.069 times
14 Tue May 2024	22217.85	22112.90	22270.05	22081.25	1.069 times
13 Mon May 2024	22104.05	22027.95	22131.65	21821.05	1.069 times
10 Fri May 2024	22055.20	21990.95	22131.30	21950.30	1.069 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 22931.4, for a target of 22652.8 or 22420.6

Share price targets for Nifty 50 (NIFTY_50)

Target Type	Value
Downside Target	21137.20
Downside Target	22404.55
Downside Target	22520.25
Downside Target	22526.60
Downside Target	22588.80
Downside Target	22625.95
Downside Target	22783.35
Downside Target	22794.70
Upside Target	22993.60

Intraday share price targets for Nifty 50 (NIFTY_50)

Target Type	Value
Downside Intraday Target	22583.6
Downside Intraday Target	22199.55
Upside Intraday Target	23172.65
Upside Intraday Target	23377.65
Downside Intraday Target	22788.6

Weekly technical analysis of Nifty 50 (NIFTY_50)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	22967.65	22404.55	22993.60	22404.55	0.56 times
18 Sat May 2024	22502.00	22027.95	22520.25	21821.05	1.071 times
10 Fri May 2024	22055.20	22561.60	22588.80	21932.40	1.25 times
03 Fri May 2024	22475.85	22475.55	22794.70	22348.05	0.8 times
26 Fri Apr 2024	22419.95	22336.90	22625.95	22198.15	1.25 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Nifty 50 (NIFTY_50)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu May 2024	22967.65	22567.85	22993.60	21821.05	0.768 times
30 Tue Apr 2024	22604.85	22455.00	22783.35	21777.65	1.091 times
28 Thu Mar 2024	22326.90	22048.30	22526.60	21710.20	0.873 times
29 Thu Feb 2024	21982.80	21780.65	22297.50	21530.20	0.955 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Nifty 50 (NIFTY_50)

Price action analysis of Nifty 50 ( (NIFTY_50) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nifty 50 ( (NIFTY_50) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Nifty 50 ( (NIFTY_50) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Nifty 50 stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Nifty 50 in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nifty 50 Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Nifty 50 in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Nifty 50 is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22397.69 and Nifty 50 (NIFTY_50) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Nifty 50 (NIFTY_50) stock. Volume based technical analysis of Nifty 50 (NIFTY_50) stock is negative.

Nifty 50 Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.