28600 Multiyear Support for NiftyPrevious Multiyear Resistance now Act as a Multiyear Support . So now Nifty50 Equal Weight Price Trading near multiyear Demand zone (low risk zone).
Long
Nifty 50 Equal Weight Index
No trades
No trades
Compare with Nifty 50 Equal Weight Index
Nifty 50 Equal Weight market breadth
Advancing and declining
AdvancingDeclining
1436
Net advances
−22
A/D ratio
0.39
Up / down volume
39% / 61%
New highs and lows
−75%
−50%
−25%
0%
25%
5D
1M
3M
1Y
−36
−24
−12
0
12
New highs
New lows
Net highs, %
Above moving averages
20-day6%
50-day8%
200-day16%
Long
Bullish on Nifty equal weight relative to Nifty 50?Nifty 50 Equal Weight index to Nifty 50 index relative strength (NIFTY50EQUALWEIGHT/NIFTY) chart seems to have broken out of an ascending triangle type consolidation on the weekly time scale.
The price action on the relative strength chart has broken out of the consolidation and has completed the re
Long
Bullflag while the rest of the world was divingNifty 50 has been the best performing index since the pandemic; and is now printing a bullflag. It has been coiling for the past 6 months while the rest of the world was taking a deep dive. I expect the parabolic trend to resume imminently
Long
INDEXNSE: NIFTY_50
Analysis :- 22-01-2021
BULLISH :- GO FOR BUY TRADE
TARGET :- 14,693.35
STOP-LOSS :- 14,567.20
Long
See all ideas
Displays a symbol's value movements over previous years to identify recurring trends.
