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(NIFTY_COMMODITIES) Nifty Commodities complete technical analysis [charts+indicators] | Buy/Sell Nifty Commodities | (NIFTY_COMMODITIES) share price targets

Complete technical analysis of Nifty Commodities (NIFTY_COMMODITIES) by charts plus indicators, forecast predictions and share price targets for Nifty Commodities (NIFTY_COMMODITIES)

10 day averaged volume of Nifty Commodities is 0

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 9094.00 9123.15 9141.35 9025.95 NAN times
21 Tue May 2024 9066.35 8896.50 9082.90 8877.50 NAN times
20 Mon May 2024 8883.95 8896.00 8901.75 8874.15 NAN times
17 Fri May 2024 8863.85 8794.30 8872.10 8782.00 NAN times
16 Thu May 2024 8783.30 8806.80 8807.40 8659.95 NAN times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 9116.7, for a target of 8920 or 8756.18

Share price targets for Nifty Commodities (NIFTY_COMMODITIES)

Target Type Value
Downside Target 7495.80
Downside Target 7870.50
Downside Target 8361.10
Downside Target 8770.50
Downside Target 8811.85
Downside Target 8872.10
Downside Target 8874.15
Downside Target 8892.00
Downside Target 8899.65
Downside Target 8970.20
Upside Target 9141.35

Intraday share price targets for Nifty Commodities (NIFTY_COMMODITIES)

Target Type Value
Downside Intraday Target 8931.65
Downside Intraday Target 8769.3
Upside Intraday Target 9198.85
Upside Intraday Target 9303.7
Downside Intraday Target 9036.5

Weekly technical analysis of Nifty Commodities (NIFTY_COMMODITIES)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 9094.00 8896.00 9141.35 8874.15 0 times
17 Fri May 2024 8863.85 8540.90 8872.10 8361.10 0 times
10 Fri May 2024 8536.15 8894.95 8899.65 8409.00 0 times
03 Fri May 2024 8853.70 8814.80 8970.20 8770.50 0 times
26 Fri Apr 2024 8752.60 8627.00 8811.85 8567.75 0 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Nifty Commodities (NIFTY_COMMODITIES)

Date Monthly Closing Price Open High Low Volume
22 Wed May 2024 9094.00 8815.10 9141.35 8361.10 0 times
30 Tue Apr 2024 8797.50 8396.65 8892.00 8370.25 0 times
28 Thu Mar 2024 8331.65 8189.75 8517.30 7870.50 0 times
29 Thu Feb 2024 8140.70 8021.10 8399.45 7916.45 0 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Nifty Commodities (NIFTY_COMMODITIES)

Indicator Name Indicator Value Indicator Signal
ADX 38, 16, 41 Buy
MACD 226, 173Buy
Stochastics 96Buy
CCI 134Buy
RSI 43Sell
OBV 0Sell
VWAP NANSell
ADL 0Sell
ROC 5Buy
Force Index 0Sell

Price action analysis of Nifty Commodities ( (NIFTY_COMMODITIES) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nifty Commodities ( (NIFTY_COMMODITIES) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nifty Commodities ( (NIFTY_COMMODITIES) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nifty Commodities ( (NIFTY_COMMODITIES) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Nifty Commodities stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Nifty Commodities in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nifty Commodities Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Nifty Commodities in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Nifty Commodities is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is NAN and Nifty Commodities (NIFTY_COMMODITIES) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Nifty Commodities (NIFTY_COMMODITIES) stock. Volume based technical analysis of Nifty Commodities (NIFTY_COMMODITIES) stock is negative.

Nifty Commodities Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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