In the medium term the prices have been in Uptrend.
NIFTY 50 Japanese Candlestick Analysis:
NIFTY 50 is trading near the Top of the day's range.
Inside day so far - compared to previous trading session.
Day's Range: 10752.10 ~ 10815.75
NIFTY 50 opened at 10784.50 compared to previous close of 10791.55
2018-12-14 was NR7 day. NR7 day after a trending move usually implies loss of momentum in trend. Range expansion is likely after NR7 day.
1 candlestick pattern: The candlestick pattern formed is similar to a Doji Candle. Bullish Doji
2 candlestick pattern: none
3 candlestick pattern:
Pivot, Support and Resistance:
*pivot points are calculated based on the closing data of 2018-12-14
NIFTY 50 Volume and Moving Average Analysis:
Day's Range (.)
20 Day Range (.)
50 Day Range (.)
52-Week Range (.)
20-Day SMA: 10,702.8
20-Day average volume: 370,263,100
NIFTY 50 has average daily volume of 370,263,100 compared to today's volume of 350,582,000. It is currently trading Above 20 day simple moving average.
50-Day SMA: 10,527.3
50-Day average volume: 361,814,040
Short Term Trend is Up!!!
It is currently trading about 8% below it's 52-week high.
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