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Nifty 50 (NIFTY.NS)
Close: 24 039.00 (-207.35), Apr 25, 2025
Positive
Low risk
Automatic technical analysis. Medium term, Apr 25, 2025
Nifty 50 has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 23641. Further rise to 25385 or more is signaled. The index has broken up through resistance at points 23600. This predicts a further rise. In case of negative reactions, there will now be support at points 23600. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.Recommendation one to six months: Positive (Score: 89)
More analyses of Nifty 50
Candlesticks
Short term: Positive
Medium term: Positive
Long term: Positive
Learn more about key technical aspects of this stock:
TrendFalling trend breaking upwards
Falling trends indicate that the company experiences negative development and decreasing buy interest among investors. Breaks up indicate a weaker rate of decline than before, but usually a continued fall in the long term.
Price formationInverse head and shoulders formation
A buy signal from an inverse head and shoulders formation signals increasing optimism among investors and the beginning of a rising trend. Formations like this are considered some of the most reliable formations in technical analysis.
Support and resistanceBreak upward through resistance
A break upward through resistance is a buy signal. Especially if volume is also increasing. The sellers who used to be at this level are gone, but there is still buy pressure in the stock.
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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