NIFTY PVT (India) Technical Analysis

NP
NIFTYPVTBANK -- India Index  

 9,146  551.80  5.69%

As of the 26th of May NIFTY PVT secures Mean Deviation of 3.01 and Risk Adjusted Performance of (0.64). Macroaxis technical analysis interface lets you check helpful technical drivers of NIFTY PVT BANK as well as the relationship between them. Strictly speaking, you can use this information to find out if the organization will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for NIFTY PVT, which can be compared to its peers in the industry. Please verify NIFTY PVT BANK Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if NIFTY PVT BANK is priced fairly providing market reflects its recent price of 9145.65 per share.

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NIFTY PVT BANK Trend Analysis

Use this graph to draw trend lines for NIFTY PVT BANK. You can use it to identify possible trend reversals for NIFTY PVT as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NIFTY PVT price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

NIFTY PVT Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NIFTY PVT BANK applied against its price change over selected period. The best fit line has a slop of   -158.87  which may suggest that NIFTY PVT BANK market price will keep on failing further. It has 122 observation points and a regression sum of squares at 9.5460143855E8, which is the sum of squared deviations for the predicted NIFTY PVT price change compared to its average price change.

About NIFTY PVT Technical Analysis

The Macroaxis Technical Analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NIFTY PVT BANK on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NIFTY PVT BANK based on its technical analysis. In general, a bottom-up approach, as applied to this index, focuses on NIFTY PVT BANK stock first instead of the macroeconomic environment surrounding NIFTY PVT BANK. By analyzing NIFTY PVT's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NIFTY PVT's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NIFTY PVT specific price patterns or momentum indicators. Please read more on our technical analysis page.

NIFTY PVT May 26, 2020 Technical Indicators

Additionally, see Stocks Correlation. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.
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