• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Nifty under heavy pressure: German 40 steady on Tuesday

by August 13, 2024
written by August 13, 2024

Nifty under heavy pressure: German 40 steady on Tuesday

The price of the Nifty index has been moving in a rising bullish channel for a week now. 
Yesterday, we saw the German 40 index rise to 17820.0. 

Nifty chart analysis

The price of the Nifty index has been moving in a rising bullish channel for a week now. During this morning’s Asian session, we see the initiation of a bearish consolidation and a drop below the EMA 200 moving average. Once again, we are on the negative side, where the chances of a further pullback are increasing. The market is closed, and we must wait for the next session.

Potential lower targets are 24100.00 and 24000.00 levels. For the bullish option, Nifty has to come back above the EMA 200 and 24300.00 level. After that, we need to stabilize there and make a step up to the 24500.00 level. Thus, we move to a new weekly high, after which the chances of further progress to the bullish side increase. Potential higher targets are 24600.00 and 24700.00 levels.

 

German 40 chart analysis

Yesterday, we saw the German 40 index rise to 17820.0. At that level, we met the EMA 200 moving average, which stopped further progress to the bullish side. This morning, we made a new attempt to move above the EMA 200, but again, we had no success. The index had to pull back and form a daily low at the 17660.0 level. For now, it is successfully holding above that level and struggling to stay close to the EMA 200 moving average.

German 40 could jump over the EMA 200 with a new impulse and eliminate the bearish pressure. A push to 17900.0 should give enough room for the index to consolidate before continuing to the bullish side. Potential higher targets are the 18000.0 and 18100.0 levels.

 

The post Nifty under heavy pressure: German 40 steady on Tuesday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURAUD and EURNZD: EURNZD drops to new August low
next post
Putin lashes out at West over Ukrainian incursion into Russian territory: report

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Gold and silver: gold enters a certain consolidation zone

    August 16, 2024
  • OpenAI introduces Operator to automate tasks like vacation planning, restaurant reservations

    January 23, 2025
  • Democrats advance 5 more Biden judicial nominees

    November 21, 2024
  • USDCHF and USDJPY: USDJPY under pressure  below 156.50

    July 22, 2024
  • Colin Huang: The rise of China’s new richest man and the Temu phenomenon

    August 9, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,723)
  • Investing (624)
  • Stock (773)

Latest Posts

  • DOGE joins budget battle on side of Defense Department

    March 14, 2025
  • FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls

    March 12, 2025
  • Voters react to Gov Tim Walz dodging Tiananmen Square question: ‘I’m a knucklehead at times’

    October 2, 2024

Recent Posts

  • Billions spent, warfighters wait: Inside the Pentagon’s broken buying system and the plan to fix it

    May 2, 2025
  • ‘Masterclass’: Bondi flips script on Dem senator after suggesting she will weaponize DOJ

    January 15, 2025
  • SCOOP: White House rallies House GOP on Trump tariff plan in secret call

    April 3, 2025

Editor’s Pick

  • JOE CONCHA: Biden’s disgraceful Oprah-ization of medals that once meant something

    January 5, 2025
  • Turkey’s invasion threats should be taken ‘very seriously’: Cyprus official

    August 11, 2024
  • Europe markets open: Stoxx 600 points up; focus on Commerzbank earnings, US-China trade outlook

    May 9, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock