Nip Ind Etf Midcap 150 Trust Forecast
Stronger technical forecast for Nip Ind Etf Midcap 150 trust price after Friday trading.
(Updated on Jun 28, 2024)
The Nip Ind Etf Midcap 150 trust price gained 0.423% on the last trading day (Friday, 28th Jun 2024), rising from ₹212.69 to ₹213.59. During the last trading day the trust fluctuated 1.41% from a day low at ₹212.00 to a day high of ₹214.99. The price has risen in 6 of the last 10 days and is up by 1.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 337 thousand shares were bought and sold for approximately ₹71.93 million.
The trust lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the trust is expected to rise 8.49% during the next 3 months and, with a 90% probability hold a price between ₹225.59 and ₹238.16 at the end of this 3-month period.
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MID150BEES.NS Signals & Forecast
Mostly positive signals in the chart today. 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 ₹213.07 and ₹206.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 8.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
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 ₹2.99 between high and low, or 1.41%. For the last week, the trust has had daily average volatility of 2.17%.
Our recommended stop-loss: ₹203.96 (-4.51%) (This trust has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (MID150BEES.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nip Ind Etf Midcap 150 to open at ₹213.53, and during the day (based on 14 day Average True Range), to move between ₹206.86 and ₹220.32, which gives a possible trading interval of +/-₹6.73 (+/-3.15%) 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 6.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹207.35, some ₹6.24 (2.92%) from the current price of ₹213.59, our system finds the risk reward attractive.
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: 3.968 Buy Candidate Upgraded
Predicted Opening Price for Nip Ind Etf Midcap 150 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹213.53 ( 0.0297%) | ₹213.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MID150BEES.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 216.52 | 1.37% |
| R2 | 215.37 | 0.84% |
| R1 | 214.67 | 0.505% |
| Price | 213.59 | |
| S1 | 212.38 | -0.564% |
| S2 | 211.68 | -0.89% |
| S3 | 210.54 | -1.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 213.59 | |
| S1 | 207.35 | -2.92% |
| S2 | 206.84 | -3.16% |
| S3 | 196.48 | -8.01% |
FAQ
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