NIFTY_BANK NEWS why is Nifty Bank price falling or rising

NIFTY_BANK NEWS reasons for why stock price of Nifty Bank is falling or rising

NIFTY_BANK Nifty Bank is falling or rising technical reasons

Technical analysis forecast for Nifty Bank Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Nifty Bank NIFTY_BANK at this time. Stock is falling and might fall more.

It appears as if Nifty Bank NIFTY_BANK gave a large move recently.

Stock of Nifty Bank (NIFTY_BANK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Nifty Bank is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 47385.6 as stoploss in an intra day buy trade for a target of 48060.21. However, stock will show a bearish move below 47385.6.

NIFTY_BANK Nifty Bank is falling or rising NEWS fundamental reasons

Nifty Bank holds above 50-DMA; fresh longs possible on a breach above 48,000: Experts The Nifty Bank fell 172 points on Tuesday and formed a bearish engulfing pattern on the daily chart. Top gainers included ICICI Bank, Axis Bank, Bandhan Bank, and Bank of Baroda. HDFC Bank saw strong selling pressure - NEWS as on 2024-05-15 indiatimes.com

Stock market update: Nifty Bank index advances 0.22% The Nifty Bank index closed 0.22 per cent up at 47859.45. - NEWS as on 2024-05-14 indiatimes.com

Stock market update: Nifty Bank index advances 0.7% The Nifty Bank index closed 0.7 per cent up at 47754.1. - NEWS as on 2024-05-13 indiatimes.com

Stock market update: Nifty Bank index falls 0.14% The Nifty Bank index closed 0.14 per cent down at 47421.1. - NEWS as on 2024-05-10 indiatimes.com

Nifty Bank falls over 1%, closes below 50-DMA; important levels to track on Friday: Experts The index closed lower in six out of the last seven trading sessions. The selling pressure pushed the index below the 50-DMA mark which was placed around 47,600 levels. - NEWS as on 2024-05-09 indiatimes.com

Nifty Bank holds on to 48,000; next big support is placed at 50-EMA on daily charts: Experts SBI, Bank of Baroda and PNB closed with gains of over 1% each. while selling was seen in IDFC First Bank, Federal Bank and HDFC Bank, which fell over 1% each. - NEWS as on 2024-05-08 indiatimes.com

More announcements and NEWS

NIFTY_BANK Nifty Bank current price & indicator signals

Moving Averages for Nifty Bank

  • 5Day Average: 47642
  • 12Day Average: 48365.6
  • 20Day Average: 48164.8
  • 50Day Average: 47701.69
  • 100Day Average: 47199.36
  • 150Day Average: 46304.76
  • 200Day Average: 45926.36

NIFTY_BANK Indicators & signals

Indicator MACD (12,26,9)

48028.43, 48013.35, 174.38
Indicator MACD is in positive zone

Indicator ADX (14)

23.64, 17.33, 28.06
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NIFTY_BANK Nifty Bank are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
15 Wed May 2024 47687.45 47534.50 to 47957.20 -0.36% 0 times
14 Tue May 2024 47859.45 47607.85 to 47937.25 0.22% 0 times
13 Mon May 2024 47754.10 46983.25 to 47841.60 0.7% 0 times
10 Fri May 2024 47421.10 47313.35 to 47868.70 -0.14% 0 times
09 Thu May 2024 47487.90 47440.65 to 48258.65 -1.11% 0 times
08 Wed May 2024 48021.10 47851.15 to 48223.05 -0.55% 0 times
07 Tue May 2024 48285.35 48213.75 to 49023.50 -1.25% 0 times
06 Mon May 2024 48895.30 48784.00 to 49252.65 -0.06% 0 times
03 Fri May 2024 48923.55 48659.70 to 49607.75 -0.62% 0 times
02 Thu May 2024 49231.05 49123.60 to 49529.35 -0.34% 0 times
30 Tue Apr 2024 49396.75 49249.90 to 49974.75 -0.06% 0 times
29 Mon Apr 2024 49424.05 48342.70 to 49473.60 2.54% 0 times

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