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First Trust India NIFTY 50 Equal Weight ETF (NFTY) – sideways & breakout history

NASDAQ

First Trust India NIFTY 50 Equal Weight ETF has been moving sideways between $53.37 and $58.25 since 16 Jun 2024.

Since 2019, NasdaqScan has found 3 sideways ranges in NFTY. Completed ranges lasted 949 days on average, from 910 to 987 days. Of those 2, 2 broke upward. The current range is 9% wide from low to high. NasdaqScan detected one breakout pattern in First Trust India NIFTY 50 Equal Weight ETF, on 15 May 2022 after 301 days of sideways movement.

Charts are only kept for recent breakouts, so there is no chart for this signal.

Sideways ranges

RangeFormedEndedHow it endedBreakout signals
$53.37 – $58.2516 Jun 2024Still sideways——
$44.28 – $51.4023 Jan 20226 Oct 2024 (987 days)Broke above the range at $65.899915 May 2022 (Go ahead)
$32.306 – $38.686 Oct 20193 Apr 2022 (910 days)Broke above the range at $42.83—

Breakout patterns detected

  • 15 May 2022: breakout from a sideways range after 301 days (Go ahead)

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Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.

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