The Revenue Rises
Trending Now
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
DP Trading Room: Key Support Levels for the...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Retirees ‘stunned’ as market turmoil over tariffs shrinks...
Week Ahead: NIFTY Set To Open Lower; Relative...
Market Drop Compared to 2020: What You Need...

The Revenue Rises

Economy

Nifty retreats while German 40 rises to new all-time high

by admin September 6, 2024
September 6, 2024
Nifty retreats while German 40 rises to new all-time high

Nifty retreats while German 40 rises to new all-time high

  • On Wednesday, the value of Nifty made a bearish gap from 25260.00 to 25110.0
  • On Tuesday, German 40 climbed to a new all-time high at 18998.6

Nifty chart analysis

On Wednesday, the value of Nifty made a bearish gap from 25260.00 to 25110.0. After that, the index tried to recover and managed to reach the 25250.00 level. We did not have the strength to continue on the bullish side and started a new pullback to the EMA 50 moving average. The market is now closed, and the price has managed to stop falling to a new low. Tomorrow, we expect a continuation of the pullback to form a new weekly low.

Potential lower targets are 25100.00 and 25000.00 levels. For a bullish option, we need a new positive consolidation of the Nifty above the weekly open price. Then, the index needs to stabilize above that. If he succeeds in this, we expect to see a continuation to the bullish side and a jump to a new all-time high. Potential higher targets are 25400.00 and 25500.00 levels.

 

German 40 chart analysis

On Tuesday, German 40 climbed to a new all-time high at 18998.6. Shortly after that, the index began a pullback. A strong bearish consolidation below lasted until Wednesday morning, when we fell to 18476.1. This formed a weekly low, and we managed to hold above it until now. During this morning’s Asian session, the German 40 retreated once again, this time to the 18500.0 level.

From the new higher low, the index starts a new recovery to the 18640.0 level and the EMA 200 moving average. If we fail to move above, a deeper pullback of the German 40 index will follow. Potential lower targets are the 18500.0 and 18400.0 levels. For a bullish option, we need a return above the EMA 200 and 18650.0 levels. With that step, we will be in a better position to continue on the bullish side. After that, we expect to see progression to new higher levels.

 

The post Nifty retreats while German 40 rises to new all-time high appeared first on FinanceBrokerage.

previous post
Where the 2024 election stands, with 2 months left
next post
The SCTR Report: Why TSLA Stock Sees Tremendous Strength

Related Posts

Walmart Stock Hits Record High on Earnings Beat

August 17, 2024

EURUSD and GBPUSD: The Euro continues to fall...

July 25, 2024

Gold and silver: the bullish trend continues for...

October 24, 2024

The euro index recovers while the yen hits...

August 6, 2024

Ethereum is waiting for a breakthrough above the...

September 12, 2024

S&P 500 and Nasdaq: Targets and Prices for...

October 15, 2024

Bitcoin & Ethereum Analysis: BTC Hits High, ETH...

November 16, 2024

USDCAD AND USDCNH: USDCNH retreated to a new...

August 7, 2024

Oil and Natural Gas: New Highs and Targets...

October 5, 2024

Bad start this week for Bitcoin, forming a...

August 6, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • DP Trading Room: Key Support Levels for the SPY
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise

    Popular Posts

    • 1

      Polls show some good early signs for Kamala Harris

      July 26, 2024
    • 2

      Solana and Cardano: Solana is waiting for a new impulse

      July 18, 2024
    • 3

      The presidential race shifts — modestly, so far — toward Harris

      August 6, 2024
    • 4

      Donald Trump’s imaginary and frightening world

      September 23, 2024
    • 5

      DP Trading Room: PMO Sort on Earnings Darlings

      July 18, 2024

    Categories

    • Business (663)
    • Economy (965)
    • Politics (873)
    • Stocks (749)

    Disclaimer: therevenuerises.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 © 2024 The Revenue Rises. All Rights Reserved.