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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 2024-06-07 View latest technical analysis

10 day averaged volume of Nifty 50 is 2147483647

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	23290.15	22821.85	23320.20	22789.05	1 times
06 Thu Jun 2024	22821.40	22798.60	22910.15	22642.60	1 times
05 Wed Jun 2024	22620.35	22128.35	22670.40	21791.95	1 times
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

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 23408.5, for a target of 22977.6 or 22618.55

Share price targets for Nifty 50 (NIFTY_50)

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

Intraday share price targets for Nifty 50 (NIFTY_50)

Target Type	Value
Downside Intraday Target	21934.83
Downside Intraday Target	20579.52
Upside Intraday Target	23992.08
Upside Intraday Target	24694.02
Downside Intraday Target	22636.77

Weekly technical analysis of Nifty 50 (NIFTY_50)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	23290.15	23337.90	23338.70	21281.45	1 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
07 Fri Jun 2024	23290.15	23337.90	23338.70	21281.45	0.234 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 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 SELL. Signal strength is Weak and stock is losing 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 red color and prices are in or above the red 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

Although the stock is in the BUY zone, but buying 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 22742.5 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.