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NIFTY MEDIA

Check the daily chart of NIFTY MEDIA. The closing price of 2023-01-31 was INR 1,899 per share.

NIFTY MEDIA 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

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

NIFTY MEDIA Daily Moving Averages ChartNIFTY MEDIA 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 NIFTY MEDIA:

    NIFTY MEDIA Daily Moving Average Convergence/Divergence (MACD) ChartNIFTY MEDIA 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 NIFTY MEDIA:

    • The ADX is .
    • The ADX is declining, there is no upcoming trend indication. -1
    • The +DI is lower than the -DI. The current trend is down. -2
    NIFTY MEDIA Daily Directional Movement Index (DMI) ChartNIFTY MEDIA 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 price has crossed the Parabolic SAR to the upside. The trend is reversing to an up trend. +1
  • NIFTY MEDIA Daily Parabolic SAR ChartNIFTY MEDIA 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 below 50. -1
    • The RSI is below 30 and oversold. +2
    NIFTY MEDIA Daily Relative Strength Index (RSI) ChartNIFTY MEDIA 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 below 50. -1
    • The Stochastic is below 30 and oversold. +2
    NIFTY MEDIA Daily Stochastic Oscillator ChartNIFTY MEDIA Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    NIFTY MEDIA Daily Commodity Channel Index (CCI) ChartNIFTY MEDIA Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    NIFTY MEDIA Daily Chande Momentum Oscillator (CMO) ChartNIFTY MEDIA Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    NIFTY MEDIA Daily Williams %R ChartNIFTY MEDIA Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    NIFTY MEDIA Daily Bollinger Bands ChartNIFTY MEDIA Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    NIFTY MEDIA Daily Average True Range (ATR) ChartNIFTY MEDIA Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    NIFTY MEDIA Daily On-Balance Volume (OBV) ChartNIFTY MEDIA Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    NIFTY MEDIA Daily Money Flow Index (MFI) ChartNIFTY MEDIA Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    RSI OversoldOversold RSI (Relative Strength Index)2023-01-31

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-01-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside

    5.2. Technical Score

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

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    OpenGreater thanClose1,858.400
    Total0/1 (0.0%)

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