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Technical Analysis of Nifty IT (NIFTYIT), Charts, Technical Strength & Deep Dive

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About Strength

Sector End Of Day Price Price Change Previous EOD Close Average Volume Code Futures and options
INDEX 16472.8 -1.600/ -0.010% 16474.4 0.000 NIFTYIT Yes, F&O list

Highlights & Chart Patterns of Nifty IT

Current price is within 6.0% of Two Year High of 16720.4 touched on 30-Apr-19.
Share has hit Six Months high on 23-Jan-20 (Yesterday).
Three outside down Candlestick pattern was formed by Nifty IT on 20/01/2020 Prior to pattern formation this share was in uptrend.
As Per ADX, stock is in trend with ADX of 34.1862 and is trending for 9 Days
Stock of Nifty IT has formed Resistance (trend line) with dates 24/01/2020, 14/06/2019, 26/04/2019, 07/09/2018, on weekly Charts. Lowest point touched during this period is 13798.6.Resistance line still holds good. Stock price : 16472.8 is hovering just below Resistance price of 16472.8. If other indicators are supportive then a short selling could be an option.
Chart of Nifty IT has formed Pattern - TRIANGLE_ASCENDING. Validity of this pattern is atleast for duration : 08/01/2020 to 24/01/2020 This formation is first found by our screener on 24/01/2020.
As per Relative Strength Index , Nifty IT is in over bought range with a value of 77.03 It is in overbought range for last 9 Days suggesting strong upward move.
More Chart Patterns Nifty IT ...

Technical Indicators and Oscillators of Nifty IT

 

Moving Average Convergence and Divergence (MACD)

Frequency MACD Signal Line description View In Chart Signal
Daily 225.78 213.44 Macd Above Signal Line for 30 periods.Macd Above Zero Line for 28 periods.     Bullish
Weekly 162.52 28.36 Macd Above Signal Line for 6 periods.Macd Above Zero Line for 4 periods.     Bullish
Monthly 847.54 972.27 Macd Below Signal Line for 6 periods.Macd Above Zero Line for 26 periods.     Bearish
Learn MACD
 

Average Directional Index (ADX)

Frequency ADX +DI -DI description View In Chart Signal
Daily 34.19 31.77 12.11 ADX Strong for 0 periods.     Bullish
Weekly 16.77 26.40 18.62 ADX - Non Trending.     Neutral
Monthly 28.13 22.81 14.44 ADX Strong for 0 periods.     Mild Bullish
Learn ADX
 

Relative Strength Index (RSI)

Frequency RSI description View In Chart Signal
Daily 77.03 RSI is in overbought teritory for 9 periods. Rsi has crossed above central line 30 periods ago.     Mild Bearish
Weekly 65.90 Rsi has crossed above central line 6 periods ago.     Neutral
Monthly 63.75 Rsi has crossed above central line 2 periods ago.     Neutral
Learn RSI
 

Smooth Relative Strength Index (RSI Smooth)

Frequency RSI description View In Chart Signal
Daily 69.67 Rsi Smooth has crossed above central line 30 periods ago.     Neutral
Weekly 64.47 Rsi Smooth has crossed above central line 6 periods ago.     Neutral
Monthly 64.73 Rsi Smooth has crossed above central line 56 periods ago.     Neutral
Learn RSI
 

Bollinger band

Frequency Upper Band Middle band Lower Band description View In Chart Signal
Daily 16621.90 16087.30 15553.00 Price Above middle Band for 30 periods.     Neutral
Weekly 16358.60 15521.10 14684.00 Price Above Bollinger Band for 2 periods. Price Above middle Band for 6 periods.     Strong Bullish
Monthly 16841.10 15488.00 14135.00 Price Above middle Band for 0 periods.     Neutral
Learn Bollinger Bands
 

Williams %R

Frequency Williams %R description View In Chart Signal
Daily -4.049 Williams is in overbought teritory for 3 periods. Williams has crossed above central line 30 periods ago.     Mild Bearish
Weekly -1.468 Williams is in overbought teritory for 6 periods. Williams has crossed above central line 6 periods ago.     Mild Bearish
Monthly -8.966 Williams is in overbought teritory for 1 periods. Williams has crossed above central line 2 periods ago.     Mild Bearish
Learn Williams %R
 

Chaikin Money Flow

Frequency CMF description View In Chart Signal
Daily 0.000     Neutral
Weekly 0.000     Neutral
Monthly 0.000     Neutral
Learn Chaikin Money Flow
 

Parabolic SAR

Frequency PSAR description View In Chart Signal
Daily 16141.00 Current Price is Above PSAR which implies uptrend.     Bullish
Weekly 15799.80 Current Price is Above PSAR which implies uptrend.     Bullish
Monthly 14808.40 Current Price is Above PSAR which implies uptrend.     Strong Bullish
 

Commodity Channel Index

Frequency CCI description View In Chart Signal
Daily 100.33 CCI is in overbought teritory for 2 periods. CCI has crossed above central line 30 periods ago.     Mild Bearish
Weekly 175.40 CCI is in overbought teritory for 3 periods. CCI has crossed above central line 6 periods ago.     Bullish
Monthly 106.85 CCI is in overbought teritory for 1 periods. CCI has crossed above central line 28 periods ago.     Mild Bearish
 

Rate Of Change

Frequency ROC description View In Chart Signal
Daily 3.21 Nothing Signicant     Neutral
Weekly 7.59 Nothing Signicant     Neutral
Monthly 5.40 Nothing Signicant     Neutral
 

Fast Stochastic

Frequency %D %K description View In Chart Signal
Daily 91.51 95.95 Fast Stochastic is in overbought teritory for 3 periods. Fast Stochastic has crossed above central line 30 periods ago.     Mild Bearish
Weekly 95.51 98.53 Fast Stochastic is in overbought teritory for 6 periods. Fast Stochastic has crossed above central line 6 periods ago.     Mild Bearish
Monthly 67.38 91.03 Fast Stochastic is in overbought teritory for 1 periods. Fast Stochastic has crossed above central line 2 periods ago.     Neutral
Learn Fast Stochastic
 

Money Flow Index

Frequency MFI description View In Chart Signal
Daily 50.00 MFI has crossed below central line 0 periods ago     Neutral
Weekly 50.00 MFI has crossed below central line 0 periods ago     Neutral
Monthly 50.00 MFI has crossed below central line 0 periods ago     Neutral
Learn MFI
 

Ultimate Oscillator

Frequency UO description View In Chart Signal
Daily 62.00 Wait for proper trend to emerge     Neutral
Weekly 73.62 Ultimate Osc is suggesting nice upward trend     Bullish
Monthly 70.03 Wait for proper trend to emerge     Neutral
 

Slow Stochastic

Frequency %D %K description View In Chart Signal
Daily 81.00 Slow Stochastic is in overbought teritory for 1 periods. Slow Stochastic has crossed above central line 28 periods ago.     Mild Bearish
Weekly 94.06 Slow Stochastic is in overbought teritory for 3 periods. Slow Stochastic has crossed above central line 5 periods ago.     Bullish
Monthly 60.76 Slow Stochastic has crossed above central line 29 periods ago.     Neutral
Learn Stochastic
 

Aroon Indicator

Frequency Aroon UP Aroon Down description View In Chart Signal
Daily 96.00 28.00 Aroon Indcicator indidates mild Up trend .     Mild Bullish
Weekly 100.00 48.00 Trend Change is about to happen     Mild Bullish
Monthly 64.00 0.000 NA     Neutral

Other Indicators

FrequencyATRADIPVTOBV
Daily179.22 0.000 0.000 0.000
Weekly453.38 0.000 0.000 0.000
Monthly1035.77 0.000 0.000 0.000
 

Volume Trend of Nifty IT

Period Volume Significant Up Significant Down
Latest 0.000 false false
3 Day Avg 0.000 false true
5 Day Avg 0.000 false true
10 Day Avg 0.000 false true
14 Day Avg 0.000 false true
1 Month Avg 0.000
3 Month Avg 0.000

Price Volume Analysis of Nifty IT

Period Price & Volume Up Price Up Vol Down Price & Vol Down Price down Volume Up
5 Days false false false false
10 Days false false false false
14 Days false false false false


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Charts Of Nifty IT

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About Strength

Strength is based on Deep Analysis, Back Testing and Historical Trend Analysis using Machine Learning. Overall Technical Strength is based on 50+ indicators including Technicals, moving Avg, chart patterns, candlestick and proprietary algorithms.Technical Strength is currently calculated around around 5 to 6 PM. This is an automated process and in NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.If you like it then please share. The more the visitors the more the innovations. Feedback

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( Intraday Analysis is on 15 Mins Delayed Data. All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)


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