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(NFTY) First Trust complete technical analysis [charts+indicators] | Buy/Sell First Trust | (NFTY) share price targets

Complete technical analysis of First Trust (NFTY) by charts plus indicators, forecast predictions and share price targets for First Trust (NFTY)

First Trust trades in USA in N A sector.

Showing technical analysis as on 2024-01-31 View latest technical analysis

10 day averaged volume of First Trust is 40730

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	55.14	54.97	55.25	54.82	0.749 times
30 Tue Jan 2024	54.60	54.59	54.72	54.27	0.373 times
29 Mon Jan 2024	54.76	55.16	55.16	54.70	0.727 times
26 Fri Jan 2024	54.35	54.25	54.46	54.02	0.187 times
25 Thu Jan 2024	54.36	54.30	54.36	54.01	0.98 times
24 Wed Jan 2024	54.43	54.66	54.66	54.09	0.879 times
23 Tue Jan 2024	53.82	53.71	53.82	53.37	0.464 times
22 Mon Jan 2024	55.17	54.92	55.17	54.82	0.385 times
19 Fri Jan 2024	54.38	54.44	54.70	54.30	3.835 times
18 Thu Jan 2024	53.78	54.02	54.02	53.59	1.878 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 54.8, but if it comes below 54.8, then a intra day sell could be more profitable.
If you take a sell trade below 54.8, then use 54.8 as stoploss and 54.4 as target. However if you take a buy trade in stock , then use 54.8 as stoploss and 55.4 as target.

Share price targets for First Trust (NFTY)

Target Type	Value
Downside Target	46.60
Downside Target	49.20
Downside Target	53.37
Downside Target	54.69
Downside Target	54.95
Downside Target	55.09
Downside Target	55.13
Upside Target	55.17
Upside Target	55.25

Intraday share price targets for First Trust (NFTY)

Target Type	Value
Downside Intraday Target	54.52
Downside Intraday Target	53.91
Upside Intraday Target	55.5
Upside Intraday Target	55.87
Downside Intraday Target	54.89

Weekly technical analysis of First Trust (NFTY)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	55.14	55.16	55.25	54.27	0.639 times
26 Fri Jan 2024	54.35	54.92	55.17	53.37	0.456 times
19 Fri Jan 2024	54.38	55.09	55.09	53.56	24.846 times
12 Fri Jan 2024	55.03	55.06	55.13	54.95	0.099 times
12 Fri Jan 2024	55.03	53.86	55.13	53.71	0.863 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 First Trust (NFTY)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	55.14	53.99	55.25	53.37	2.189 times
29 Fri Dec 2023	54.06	50.87	54.69	50.55	1.421 times
30 Thu Nov 2023	50.78	47.15	50.78	47.15	0.736 times
31 Tue Oct 2023	47.27	48.50	49.20	46.60	0.899 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of First Trust (NFTY)

Price action analysis of First Trust ( (NFTY) ) 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 First Trust ( (NFTY) ) 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 First Trust ( (NFTY) ) 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 First Trust stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for First Trust in short term but the sell signal is initial and weak.

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

First Trust 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for First Trust in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of First Trust is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 54.37 and First Trust (NFTY) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the First Trust (NFTY) stock. Volume based technical analysis of First Trust (NFTY) stock is negative.

First Trust 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.