Nifty 50 Technical Analysis Today:-
Please Look at the chart for Nifty 50 Technical Analysis today on 03-04-2023
Chart on 03-04-2023
OPENING | CLOSING | HIGH | LOW |
17427.95 | 17398.05 | 17428.05 | 17312.75 |
ADVANCE | DECLINE | UNCHANGE | DAILY SUPPORT | DAILY RESISTANCE |
32 | 17 | 1 | 16907 appx. | 17380 appx. |
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My analysis and decision on the basis of the above data for nifty 50 technical analysis today:-
- Price just break previous resistance Line and Stay above it today
- EMAs shows Downtrend
- Entry- Waiting for Down Trend resume or to Start new Up Trend
- Target Price- After Confirmation of Trend
- Stop Loss- NA
As shown in the above picture we have to wait for Shorting Opportunity expecting to Down Trend resume on the next week. But there is no guarantee on market it's absolutely game of probability, hence if Market start a new Up Trend from here we have to wait for Clear signal to Trade with Up Trend (i.e. Pull Back entry).
Nifty 50 Technical Analysis Today:-
Please
Look at the chart for Nifty 50 Technical Analysis today i.e. 11-04-2023
Click here for 'Recent Trend of Global & Indian Stock Market'
|
OPENING |
CLOSING |
HIGH |
LOW |
|
17704.80 |
17722.30 |
17748.75 |
17655.15 |
|
ADVANCE |
DECLINE |
UNCHANGE |
DAILY SUPPORT |
DAILY RESISTANCE |
|
38 |
12 |
0 |
17000 appx |
Broken |
My analysis and decision on the basis of the above
data for nifty 50 technical analysis today:-
- Price has broken Daily Resistance and reached a new Resistance Line
- EMA also change its direction from down trend to Uptrend
- Entry- If price stay above EMA after correction then only I can Trade with Trend.
- Target Price- To be adjusted Soon
- Stop Loss- NA
- NEWS- You may visit NEWS SECTION Click Here.
OPENING | CLOSING | HIGH | LOW |
17863. | 17706.85 | 17863 | 17574.05 |
ADVANCE | DECLINE | UNCHANGE | DAILY SUPPORT | DAILY RESISTANCE |
31 | 19 | 0 |
My analysis and decision on the basis of the above data for nifty 50 technical analysis today:-
- Price has broken Daily Resistance earlier this week and start a new daily uptrend
- EMA also change its direction from down trend to Uptrend
- Entry- Near EMA / Just above EMA.
- Target Price- Channel Top
- Stop Loss-
- NEWS- You may visit NEWS SECTION Click Here.
On 21st April, 2023 Nifty50 View:-
OPENING | CLOSING | HIGH | LOW |
17639.75 | 17624.05 | 17633.20 | 17533.95 |
ADVANCE | DECLINE | UNCHANGE | DAILY SUPPORT | DAILY RESISTANCE |
24 | 26 | 0 | 17860 | 17550 |
My analysis and decision on the basis of the above data for nifty 50 technical analysis today:-
- Price is on daily support line
- EMA also change its direction from down trend to Uptrend
- Entry- Just above previous day's High
- Target Price- Daily Resistance line
- Stop Loss- Just Below Daily Support Line
- NEWS- You may visit NEWS SECTION Click Here.
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