Nip Ind Etf Midcap 150 Trust Forecast

Stronger technical forecast for Nip Ind Etf Midcap 150 trust price after Tuesday trading.
(Updated on Jun 25, 2024)

MID150BEES.NS Signals & Forecast

The Nip Ind Etf Midcap 150 trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹212.84 and ₹206.00. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.173%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Nip Ind Etf Midcap 150 trust

Nip Ind Etf Midcap 150 finds support from accumulated volume at ₹207.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This trust has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the trust moved ₹3.42 between high and low, or 1.61%. For the last week, the trust has had daily average volatility of 2.42%.

Our recommended stop-loss: ₹204.89 (-3.84%) (This trust has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (MID150BEES.NS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Nip Ind Etf Midcap 150 to open at ₹213.89, and during the day (based on 14 day Average True Range), to move between ₹205.87 and ₹220.29, which gives a possible trading interval of +/-₹7.21 (+/-3.38%) up or down from last closing price. If Nip Ind Etf Midcap 150 takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹213.32 (0.11%) than the support at ₹207.35 (2.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nip Ind Etf Midcap 150 trust A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nip Ind Etf Midcap 150 trust to perform well in the short-term. We have upgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.297 Buy Candidate Upgraded

Predicted Opening Price for Nip Ind Etf Midcap 150 of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.