19 July,2023 #5HOURCHART #GOINVESTER #NIFTY #NIFTY50
In this article, we will analyze the NIFTY 50 chart data for July 19, 2023. We'll examine the key indicators, moving averages, and pivot points to identify potential entry and exit points for trades. Let's dive into the details.
NIFTY 50 Chart Analysis:
The NIFTY 50 index opened at 19,802.95 and reached a high of 19,841.65. The day's range was between 19,727.45 and 19,841.65.
The index had a positive trend, with a slight increase of 28.20 points or 0.14%.
The trading volume for the day was 148,364.
Pivot Points:
Classic Pivot Points:
Support levels: S3 - 19,596.94, S2 - 19,662.67, S1 - 19,708.94
Pivot point: 19,774.67
Resistance levels: R1 - 19,820.94, R2 - 19,886.67, R3 - 19,932.94
Fibonacci Pivot Points:
Support levels: S1 - 19,662.67, S2 - 19,705.45, S3 - 19,731.89
Pivot point: 19,774.67
Resistance levels: R1 - 19,817.45, R2 - 19,843.89, R3 - 19,886.67
Camarilla Pivot Points:
Support levels: S1 - 19,724.40, S2 - 19,734.67, S3 - 19,744.93
Pivot point: 19,774.67
Resistance levels: R1 - 19,765.47, R2 - 19,775.73, R3 - 19,786.00
Woodie's Pivot Points:
Support levels: S1 - 19,587.20, S2 - 19,657.80, S3 - 19,699.20
Pivot point: 19,769.80
Resistance levels: R1 - 19,811.20, R2 - 19,881.80, R3 - 19,923.20
Technical Indicators:
RSI(14): 71.310 (Buy)
STOCH(9,6): 98.910 (Overbought)
STOCHRSI(14): 80.364 (Overbought)
MACD(12,26): 162.970 (Buy)
ADX(14): 48.012 (Buy)
Williams %R: -0.700 (Overbought)
CCI(14): 112.7739 (Buy)
ATR(14): 97.7603 (High Volatility)
Highs/Lows(14): 152.6108 (Buy)
Ultimate Oscillator: 63.508 (Buy)
ROC: 1.666 (Buy)
Bull/Bear Power(13): 272.7188 (Buy)
Moving Averages:
Simple Moving Averages:
MA5: 19,759.20 (Buy)
MA10: 19,642.98 (Buy)
MA20: 19,519.17 (Buy)
MA50: 19,215.84 (Buy)
MA100: 18,887.24 (Buy)
MA200: 18,294.91 (Buy)
Exponential Moving Averages:
MA5: 19,725.60 (Buy)
MA10: 19,659.44 (Buy)
MA20: 19,538.06 (Buy)
MA50: 19,278.01 (Buy)
MA100: 18,925.90 (Buy)
MA200: 18,597.15 (Buy)
Trade Observation: Based on the chart analysis and indicators, the following trade observations can be made:
The NIFTY 50 index shows a strong buy signal, as indicated by the summary of technical indicators and moving averages.
The RSI(14) is above 70, indicating a buying opportunity.
The STOCH(9,6) and STOCHRSI(14) are in the overbought zone, suggesting caution.
The MACD(12,26) shows a buying signal with a positive value.
The ADX(14) indicates a trending market, favoring potential trades.
Traders should consider the support and resistance levels provided by the pivot points for reference.
Conclusion:
In conclusion, the NIFTY 50 chart analysis for July 19, 2023, suggests a strong buy sentiment. The technical indicators, such as RSI, MACD, and moving averages, align with this bullish outlook. However, traders should exercise caution when the market is in the overbought zone. The pivot points can serve as reference levels for entry and exit points. Remember to perform thorough analysis and use risk management strategies before making any trading decisions.
Disclaimer: The information provided in this article is for educational and informational purposes only. Trading in financial markets involves risks, and it is advisable to consult with a professional financial advisor before making any investment decisions.
References:
NIFTY 50 chart data as of July 19, 2023, retrieved from [source]
Pivot Points and Technical Indicators data as of July 19, 2023, retrieved from [source]
Moving Averages data as of July 19, 2023, retrieved from [source]
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