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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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 46820.3 as stoploss in an intra day buy trade for a target of 47646.46. However, stock will show a bearish move below 46820.3.

NIFTY_BANK Nifty Bank is falling or rising NEWS fundamental reasons

Stock market update: Nifty Bank index falls 0.87% The Nifty Bank index closed 0.87 per cent down at 47069.45. - NEWS as on 2024-04-18 indiatimes.com

Stock market update: Nifty Bank index falls 0.6% The Nifty Bank index closed 0.6 per cent down at 47484.8. - NEWS as on 2024-04-16 indiatimes.com

Nifty Bank falls nearly 800 points; 47,400 likely to act as crucial support: Experts The bank index failed to hold on to its crucial support placed around 48,000 and the next big support is placed at 47,400 levels. A close below 47,400 could fuel further selling pressure while resistance is placed at 48,000. - NEWS as on 2024-04-15 indiatimes.com

Nifty Bank has historically given 5% average return in Q4 earnings season: Anand James "HDFC Bank, ICICI Bank, SBI, and Axis Bank which constitute the bulk of the banking sector in Nifty 50 look exhausted hinting at profit booking in the near term. Incidentally, 70% of the time in the last 10 years, Bank Nifty has given an average 5% return - NEWS as on 2024-04-14 indiatimes.com

Stock market update: Nifty Bank index falls 0.86% The Nifty Bank index closed 0.86 per cent down at 48564.55. - NEWS as on 2024-04-12 indiatimes.com

More announcements and NEWS

NIFTY_BANK Nifty Bank current price & indicator signals

Moving Averages for Nifty Bank

  • 5Day Average: 47975.73
  • 12Day Average: 48041.06
  • 20Day Average: 47491.19
  • 50Day Average: 46934.59
  • 100Day Average: 46793.63
  • 150Day Average: 45915.95
  • 200Day Average: 45649.63

NIFTY_BANK Indicators & signals

Indicator MACD (12,26,9)

47807.09, 47526.39, 355.13
Indicator MACD is in positive zone

Indicator ADX (14)

14.45, 21.81, 29.17
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
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
18 Thu Apr 2024 47069.45 46982.15 to 47829.75 -0.87% 0 times
16 Tue Apr 2024 47484.80 47316.55 to 47609.00 -0.6% 0 times
15 Mon Apr 2024 47773.25 47725.80 to 48255.50 -1.63% 0 times
12 Fri Apr 2024 48564.55 48477.55 to 48882.65 -0.86% 0 times
10 Wed Apr 2024 48986.60 48669.25 to 49057.40 0.53% 0 times
09 Tue Apr 2024 48730.55 48568.25 to 48960.75 0.31% 0 times
08 Mon Apr 2024 48581.70 48424.65 to 48716.95 0.18% 0 times
05 Fri Apr 2024 48493.05 47894.50 to 48557.40 0.9% 0 times
04 Thu Apr 2024 48060.80 47712.70 to 48254.65 0.92% 0 times
03 Wed Apr 2024 47624.25 47279.80 to 47676.95 0.17% 0 times
02 Tue Apr 2024 47545.45 47408.55 to 47707.35 -0.07% 0 times
01 Mon Apr 2024 47578.25 47373.10 to 47646.80 0.96% 0 times

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