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Axis NIFTY IT ETF

Check the daily chart of Axis NIFTY IT ETF. The closing price of 2023-01-25 was INR 310.55 per share.

Axis NIFTY IT ETF Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Axis NIFTY IT ETF Daily Moving Averages ChartAxis NIFTY IT ETF Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Axis NIFTY IT ETF:

  • The Moving Average Convergence/Divergence (MACD) is 2.815. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is higher than the signal line. This is a bullish indication. +1
Axis NIFTY IT ETF Daily Moving Average Convergence/Divergence (MACD) ChartAxis NIFTY IT ETF Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Axis NIFTY IT ETF:

  • The ADX is 25.455. Strong Trend. +1
  • The ADX is declining, the current trend is weakening. -1
  • The +DI is higher than the -DI. The current trend is up. +2
Axis NIFTY IT ETF Daily Directional Movement Index (DMI) ChartAxis NIFTY IT ETF Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • Axis NIFTY IT ETF Daily Parabolic SAR ChartAxis NIFTY IT ETF Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is above 50. +1
    Axis NIFTY IT ETF Daily Relative Strength Index (RSI) ChartAxis NIFTY IT ETF Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is above 50. +1
    • The Stochastic is above 70 and overbought. +2
    Axis NIFTY IT ETF Daily Stochastic Oscillator ChartAxis NIFTY IT ETF Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Axis NIFTY IT ETF Daily Commodity Channel Index (CCI) ChartAxis NIFTY IT ETF Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Axis NIFTY IT ETF Daily Chande Momentum Oscillator (CMO) ChartAxis NIFTY IT ETF Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Axis NIFTY IT ETF Daily Williams %R ChartAxis NIFTY IT ETF Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Axis NIFTY IT ETF Daily Bollinger Bands ChartAxis NIFTY IT ETF Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Axis NIFTY IT ETF Daily Average True Range (ATR) ChartAxis NIFTY IT ETF Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Axis NIFTY IT ETF Daily On-Balance Volume (OBV) ChartAxis NIFTY IT ETF Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Axis NIFTY IT ETF Daily Money Flow Index (MFI) ChartAxis NIFTY IT ETF Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Axis NIFTY IT ETF.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-01-12SAR SHORT ENTRY LONG CLOSEprice crossed sar to downside
    STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    2023-01-13DMI SHORT ENTRY LONG CLOSE
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2023-01-16ATR SHORT ENTRY LONG CLOSE
    2023-01-23STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    MFI80 crossover to downside
    2023-01-24MFI80 crossover to upside

    5.2. Technical Score

    Let's check the technical score of Axis NIFTY IT ETF based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5062.047
    Ma 20Greater thanMa 50300.570
    Ma 50Greater thanMa 100303.572
    Ma 100Greater thanMa 200296.106
    OpenGreater thanClose312.000
    Total3/5 (60.0%)

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