Nifty 50 IndexLong
Accumulation Zone Activated in Nifty 50
As we discussed before 1 month
Nifty react as well as my Analysis
🔍 Nifty 50 Analysis – Here’s a detailed breakdown of the chart and its implications:
⚔️Key Observations
📌 1. Accumulation Zone (22,625 - 22,821) ✅
🔹 This zone is a "best price range for long-term investment."
🔹 Historically, accumulation zones indicate a potential demand area where institutional buyers may step in.
🔹 If the index holds this level, we could see an upward movement 📈.
📌 2. Strong Resistance Zone (23,050 - 23,178) ❌
🔹 The chart suggests this area is a potential reversal point.
🔹 If Nifty reaches this level, profit booking or selling pressure may emerge.
🔹 A breakout above this zone could signal further bullish momentum 🚀.
📌 3. Projected Price Action (Wave Structure) 🔄
🔹 The pattern (A → D → F) suggests a possible bounce from accumulation to resistance.
🔹 If resistance is broken, Nifty could rally further.
📊 Trading Strategy
✅ Bullish View:
🔹 If Nifty holds above 22,625, it could move toward 23,050 - 23,178.
🔹 A breakout above 23,178 may signal a continued uptrend 🚀.
❌ Bearish View:
🔹 A breakdown below 22,625 could lead to further declines 📉.
🔹 If this happens, new support levels need to be identified.
⚠ Disclaimer: I am not a SEBI-registered analyst. Stock markets are subject to market risks. Please do your own research before investing. 📢📊
Nifty react as well as my Analysis
🔍 Nifty 50 Analysis – Here’s a detailed breakdown of the chart and its implications:
⚔️Key Observations
📌 1. Accumulation Zone (22,625 - 22,821) ✅
🔹 This zone is a "best price range for long-term investment."
🔹 Historically, accumulation zones indicate a potential demand area where institutional buyers may step in.
🔹 If the index holds this level, we could see an upward movement 📈.
📌 2. Strong Resistance Zone (23,050 - 23,178) ❌
🔹 The chart suggests this area is a potential reversal point.
🔹 If Nifty reaches this level, profit booking or selling pressure may emerge.
🔹 A breakout above this zone could signal further bullish momentum 🚀.
📌 3. Projected Price Action (Wave Structure) 🔄
🔹 The pattern (A → D → F) suggests a possible bounce from accumulation to resistance.
🔹 If resistance is broken, Nifty could rally further.
📊 Trading Strategy
✅ Bullish View:
🔹 If Nifty holds above 22,625, it could move toward 23,050 - 23,178.
🔹 A breakout above 23,178 may signal a continued uptrend 🚀.
❌ Bearish View:
🔹 A breakdown below 22,625 could lead to further declines 📉.
🔹 If this happens, new support levels need to be identified.
⚠ Disclaimer: I am not a SEBI-registered analyst. Stock markets are subject to market risks. Please do your own research before investing. 📢📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.