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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 2024-06-04 View latest technical analysis

10 day averaged volume of Nifty 50 is 2147483647

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	21884.50	23179.50	23179.50	21281.45	1 times
03 Mon Jun 2024	23263.90	23337.90	23338.70	23062.30	1 times
31 Fri May 2024	22530.70	22568.10	22653.75	22465.10	1 times
30 Thu May 2024	22488.65	22617.45	22705.75	22417.00	1 times
29 Wed May 2024	22704.70	22762.75	22825.50	22685.45	1 times
28 Tue May 2024	22888.15	22977.15	22998.55	22858.50	1 times
27 Mon May 2024	22932.45	23038.95	23110.80	22871.20	1 times
24 Fri May 2024	22957.10	22930.75	23026.40	22908.00	1 times
23 Thu May 2024	22967.65	22614.10	22993.60	22577.45	1 times
22 Wed May 2024	22597.80	22576.60	22629.50	22483.15	1 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22133.8, but if it comes above 22133.8, then a intra day buy could be more profitable.
If you take a sell trade below 22133.8, then use 22133.8 as stoploss and 21697.1 as target. However if you take a buy trade in stock , then use 22133.8 as stoploss and 22497.71 as target.

Share price targets for Nifty 50 (NIFTY_50)

Target Type	Value
Downside Target	21281.45
Upside Target	22520.25
Upside Target	22526.60
Upside Target	22588.80
Upside Target	22783.35
Upside Target	23026.40
Upside Target	23110.80
Upside Target	23338.70

Intraday share price targets for Nifty 50 (NIFTY_50)

Target Type	Value
Downside Intraday Target	20997.73
Downside Intraday Target	20110.97
Upside Intraday Target	23054.98
Upside Intraday Target	24225.47
Upside Intraday Target	22168.22

Weekly technical analysis of Nifty 50 (NIFTY_50)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	21884.50	23337.90	23338.70	21281.45	0.4 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 down 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
04 Tue Jun 2024	21884.50	23337.90	23338.70	21281.45	0.094 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 down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Nifty 50 ( (NIFTY_50) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

MACD generated a SELL signal for Nifty 50 in short term but the sell signal is initial and weak.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Nifty 50 in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 22721.56 and Nifty 50 (NIFTY_50) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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