NIFTY 50 (NIFTY) Outperforms All equity indices, Up 1%; in an Uptrend Over Past 90 Days
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NIFTY 50
(Last Updated November 26, 2020)
Hello! This is the news page for NIFTY 50. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for NIFTY.
NIFTY Moving Averages
The moving averages on NIFTY indicate a trend that is clearly bullish.
Below is a chart showing NIFTY’s price with its moving averages.
The View From the Weekly Timeframe
Currently, NIFTY’s price is down $-0.65 (-0.01%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. NIFTY’s weekly price action over the past 52 weeks can be seen via the chart below.
NIFTY 50 (NIFTY) Fares the Worst Out of equity indices, 3 Day Up Streak Ended; But Still in an Uptrend Over Past 30 Days
Nifty 50 market cap is more than 100 lakh cr.!
NIFTY 50 (NIFTY) Up 1%; in an Uptrend Over Past 14 Days
Nifty 50 market cap is more than 100 lakh cross!
NIFTY 50 (NIFTY) Up 0.52%; in an Uptrend Over Past 14 Days
Wouldn’t it be easier to maintain/transact and still have these stocks?
NIFTY 50 (NIFTY) Tops All equity indices, Up 0.68%; in an Uptrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
NIFTY 50 (NIFTY) Outperforms All equity indices, Up 0.68%; in an Uptrend Over Past 14 Days
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NIFTY 50 (NIFTY) Fares the Worst Out of equity indices, 4 Day Up Streak Ended; But Still in an Uptrend Over Past 14 Days
Price action traders may also wish to note that we see a doji candlestick pattern on nifty.
NIFTY 50 (NIFTY) Up 0.5%; in an Uptrend Over Past 14 Days
Reliance alone contributed more than 700 points from it’s previous high.
NIFTY 50 (NIFTY) Tops All equity indices, Up 0.7%; in an Uptrend Over Past 14 Days
It’s been a feast for bulls operating on an hourly timeframe, as nifty has now gone up 4 of the past 5 hours.
NIFTY 50 (NIFTY) Down 0.46%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.