Gift Nifty 50 tests 200-SMA with double top breakdown: Live

Latest update: Aug 18, 2026, 04:00 AM UTC This article is regularly updated during market hours Gift Nifty 50 on the 5-hour chart is teetering at a critical level—price is testing its 200-period SMA near 24,256, with a confirmed bearish double top and momentum signals warning of a possible deeper drop. One decisive close below this support could shift the risk/reward balance dramatically for both bulls and bears.
Reported by 1 outlet — Investing.com · Stock Market. See all sources ↓
Latest update: Aug 18, 2026, 04:00 AM UTC This article is regularly updated during market hours Gift Nifty 50 on the 5-hour chart is teetering at a critical level—price is testing its 200-period SMA near 24,256, with a confirmed bearish double top and momentum signals warning of a possible deeper drop. One decisive close below this support could shift the risk/reward balance dramatically for both bulls and bears. Key setup:Gift Nifty 50 sits just above its 200-period simple moving average (SMA) at 24,240 as of the latest 5h bar (price:24,256). This isn’t just a number—it’s the dynamic support line that stopped previous downswings in their tracks.
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- What's the story?
- Latest update: Aug 18, 2026, 04:00 AM UTC This article is regularly updated during market hours Gift Nifty 50 on the 5-hour chart is teetering at a critical level—price is testing its 200-period SMA near 24,256, with a confirmed bearish double top and momentum signals warning of a possible deeper drop. One decisive close below this support could shift the risk/reward balance dramatically for both bulls and bears.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 16m ago.
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Gift Nifty 50 tests 200-SMA with double top breakdown: Live
Sources1TypeCoverageInvesting.com · Stock Market