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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 2024-05-09 View latest technical analysis

10 day averaged volume of First Trust is 40890

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	56.03	56.05	56.16	55.80	0.45 times
08 Wed May 2024	56.43	56.43	56.74	56.28	3.101 times
07 Tue May 2024	56.44	56.93	56.93	56.04	0.773 times
06 Mon May 2024	57.15	57.21	57.21	56.85	0.496 times
03 Fri May 2024	57.45	57.40	57.45	57.15	0.511 times
02 Thu May 2024	57.64	57.40	57.73	57.15	0.724 times
01 Wed May 2024	57.13	56.86	57.29	56.69	1.749 times
30 Tue Apr 2024	56.59	57.24	57.24	56.59	0.677 times
29 Mon Apr 2024	57.13	57.01	57.22	56.71	0.218 times
26 Fri Apr 2024	57.20	57.17	57.29	56.90	0.942 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.1, but if it comes above 56.1, then a intra day buy could be more profitable.
If you take a sell trade below 56.1, then use 56.1 as stoploss and 55.4 as target. However if you take a buy trade in stock , then use 56.1 as stoploss and 56.66 as target.

Share price targets for First Trust (NFTY)

Target Type	Value
Downside Target	53.37
Downside Target	55.08
Upside Target	56.65
Upside Target	57.21
Upside Target	57.40
Upside Target	57.57
Upside Target	57.73
Upside Target	57.95
Upside Target	58.25

Intraday share price targets for First Trust (NFTY)

Target Type	Value
Downside Intraday Target	55.48
Downside Intraday Target	54.94
Upside Intraday Target	56.89
Upside Intraday Target	57.76
Upside Intraday Target	56.35

Weekly technical analysis of First Trust (NFTY)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	56.03	57.21	57.21	55.80	1.243 times
03 Fri May 2024	57.45	57.01	57.73	56.59	1.372 times
26 Fri Apr 2024	57.20	56.63	57.40	56.52	0.782 times
19 Fri Apr 2024	56.04	56.65	56.65	55.12	1.187 times
12 Fri Apr 2024	56.30	57.74	57.95	56.30	0.655 times

Price has moved down 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
09 Thu May 2024	56.03	56.86	57.73	55.80	0.519 times
30 Tue Apr 2024	56.59	57.38	57.95	55.12	1.003 times
28 Thu Mar 2024	56.96	57.27	58.25	55.34	0.992 times
29 Thu Feb 2024	56.26	55.43	57.57	55.08	0.897 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of First Trust ( (NFTY) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of First Trust ( (NFTY) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for First Trust stock for short term is SELL. 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.

First Trust Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for First Trust in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 56.82 and First Trust (NFTY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.