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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 2024-06-03 View latest technical analysis

10 day averaged volume of Nifty 50 is 2009102565

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	23263.90	23337.90	23338.70	23062.30	1.069 times
31 Fri May 2024	22530.70	22568.10	22653.75	22465.10	1.069 times
30 Thu May 2024	22488.65	22617.45	22705.75	22417.00	1.069 times
29 Wed May 2024	22704.70	22762.75	22825.50	22685.45	1.069 times
28 Tue May 2024	22888.15	22977.15	22998.55	22858.50	1.069 times
27 Mon May 2024	22932.45	23038.95	23110.80	22871.20	1.069 times
24 Fri May 2024	22957.10	22930.75	23026.40	22908.00	1.069 times
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

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 23265, for a target of 22857.9 or 22518.61

Share price targets for Nifty 50 (NIFTY_50)

Target Type	Value
Downside Target	21530.20
Downside Target	22588.80
Downside Target	22783.35
Downside Target	23026.40
Downside Target	23062.30
Downside Target	23110.80
Upside Target	23338.70

Intraday share price targets for Nifty 50 (NIFTY_50)

Target Type	Value
Downside Intraday Target	23104.57
Downside Intraday Target	22945.23
Upside Intraday Target	23380.97
Upside Intraday Target	23498.03
Downside Intraday Target	23221.63

Weekly technical analysis of Nifty 50 (NIFTY_50)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	23263.90	23337.90	23338.70	23062.30	0.2 times
31 Fri May 2024	22530.70	23038.95	23110.80	22417.00	1.25 times
24 Fri May 2024	22957.10	22404.55	23026.40	22404.55	0.747 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

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
03 Mon Jun 2024	23263.90	23337.90	23338.70	23062.30	0.047 times
31 Fri May 2024	22530.70	22567.85	23110.80	21821.05	1.068 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

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 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 short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Nifty 50 ( (NIFTY_50) ) based on a short to mid 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22786.02 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.