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#NIFTY Intraday Support and Resistance Levels - 06/06/2025Nifty is opening with a slight gap-up around 24750–24760, placing it just above a key resistance-turned-support level. This setup suggests early optimism, but follow-through momentum is crucial for confirmation. If Nifty sustains above 24800, it may pave the way for a smooth upside toward 24850, 24900, and 24950+. This range could act as a momentum zone for intraday buyers if volume supports the move. On the flip side, a slip back below 24700 may signal weakness and open downside targets at 24650, 24600, and 24550, pulling Nifty back into a broader consolidation range.
NSE:NIFTY
by TradZoo
6 June Nifty breakout & breakdown levels 🔼 CALL (CE) Buy Levels : 24,680 (Opening Support Zone) CE entry possible if price10m holds above this level. 24,923 (Above Positive Trade View) Strong bullish sentiment above this zone. Buy CE if 10-min candle holds above this level. 24518 (Above 10m hold ce by level) bullish momentum 🔽 PUT (PE) Buy Levels: 24,680 (Opening below Resistance Zone) Below 24,518 (Below 10m Hold PE by Zone) Below 25,130 (Below 10m PE by Risky Zone) Risky but possible PE buy if fails to hold Below 25,330 (Below 10m hold PE by Safe Zone)
NSE:NIFTYLong
by mayuraj_820
Nifty Analysis EOD – June 5, 2025 – Thursday🟢 Nifty Analysis EOD – June 5, 2025 – Thursday 🔴 🎭 Trap and Manipulation on Expiry Day As discussed in yesterday’s note—a calm before the storm—today delivered the volatility, but not in the form anyone truly expected. Nifty opened with a 53-point gap-up, filled the gap in the first 5 minutes, and then marched upwards to hit a day high of 24,761. But that wasn't the end… Within just 20 minutes, Nifty spiked to 24,899—a sharp and unexpected move that defied recent technical context. Why?Because just two sessions ago (June 3), the 24,800 level was a clear rejection zone, yet today the price cut through that zone like butter, crossing the highs of the past 6 sessions—only to fall just as sharply. 📉 That’s not strength—it’s classic expiry day manipulation. The past 16 sessions have shown candles with unusual shadows, and today added another one to the list. For swing traders, this market structure has been offering no clean entry triggers. The message is loud and clear: focus only on intraday setups and stay cautious. 🛡 5 Min Chart with Levels 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown Open: 24,691.20 High: 24,899.85 Low: 24,613.10 Close: 24,750.90 Net Change: +130.70 (+0.53%) 📊 Candle Structure Breakdown Real Body: 59.70 pts (Green) Upper Wick: 148.95 pts Lower Wick: 78.10 pts 🔍 InterpretationThe candle paints a story of early optimism followed by profit booking or supply absorption near 24,900. Though the day closed green, the long upper shadow shows sellers dominating higher levels, leaving buyers with little to celebrate by the close. 🔦 Candle Type 🟢 Green Spinning Top with Long Upper Wick Indicates indecision, with a bullish undertone that lacks conviction at higher levels. 📌 Key Insight 24,900 remains a psychological and technical barrier. A bullish close above 24,900 might invite momentum traders, but until then—suspicion stays. A breakdown below 24,600 may trigger downside interest again. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 265.01 IB Range: 148.4 → Medium IB Market Structure: imBalanced Trades:✅ 11:00 AM – Long Triggered → Target Achieved (1:1.5)✅ 11:50 AM – Long Triggered → Trailing SL Hit, but Target Achieved (1:4.8) 📌 Support & Resistance Zones Resistance Levels 24,768 ~ 24,800 24,820 24,882 24,894 (Strong Resistance) Support Levels 24,727 ~ 24,737 24,660 24,625 ~ 24,640 24,600 24,530 ~ 24,480 24,460 💭 Final Thoughts A day of deception more than direction.This expiry session was less about trend and more about clearing premiums, trapping both sides, and faking strength in the middle of a boxed consolidation. 📌 “Not every green candle is bullish. Some are just well-disguised traps.” ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty bounce between Trendline resistance and Mother lineWe Saw a jump of 130 points in Nifty today. The jump could have been higher if trend line resistance would not have come into play. This trend line resistance which came into effect is exactly around 24899 as it can be seen in the chart which was also the day's high. After making this high Nifty fell again until Mother line support present near 24706 again came into act for Nifty to close near 24750. Thus the supports for Nifty now remain at: 24706 (Mother Line Support), 24613 (Low of today) and Father line Support near 24508. Below 24508 there will be further weakness and Bears will take control of the market. The Resistances for Nifty now remain at: 24767, 24843, 24899 (trend line resistance), and 24971(Another Trend line resistance). Above 24971 closing Nifty will gain strength again and Bears can pull the market upwards towards 25074 or 25132. Closing above 25132 will be very good for the market as there seems to be a pure Bull territory above this zone. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY 50 Index Daily Chart AnalysisThe Nifty 50 is consolidating in a tight range just below the key psychological resistance at 25,130. The price action has shown multiple attempts to breach this level, indicating selling pressure on rallies. However, strong buying support exists around ₹24,470. Recent volume is moderate and slightly declining, indicating a lack of conviction on both sides. Bias: Neutral-to-bullish as long as ₹24,468 holds. Breakout Potential: Above ₹25,130 with volume may trigger a fresh rally. Risk: Failure to hold ₹24,468 could result in a drop to ₹24,000.
NSE:NIFTY
by debjit62
Nifty levels - Jun 06, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
nifty rangeHere’s a professional and engaging **TradingView post description** for a **Nifty range-bound market** scenario: --- 📊 **Nifty Index – Range-Bound Consolidation Ahead?** 🧭 Nifty is currently trading within a defined range, indicating indecision in the market. The index is facing resistance near **25000** and finding support around **24500**. 📌 **Key Observations:** * Price action suggests a sideways trend with no clear breakout yet. * Volumes are relatively lower, reinforcing the consolidation phase. 🛑 **Resistance:** 25000 ✅ **Support:** 24500 🔍 A breakout on either side could trigger the next directional move. Until then, traders should focus on **range-bound strategies** like buying near support and selling near resistance, with tight stop-losses. 💬 What’s your view on Nifty's next move? Drop your analysis in the comments! \#Nifty50 #NiftyAnalysis #NiftyRange #StockMarketIndia #TradingView #TechnicalAnalysis #NiftyOutlook #NSEIndia #BankNifty #PriceAction #NiftyLevels
NSE:NIFTYLong
by vipin95379845
NIFTY S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:NIFTY
by zenthosh
#NIFTY Intraday Support and Resistance Levels - 05/06/2025Nifty is opening with a gap-up near the 24750 level, placing it right at the breakout zone. If the index sustains above 24750, a bullish rally may follow with upside targets of 24850, 24900, and 24950+. Sustained momentum above this level can shift market sentiment toward a more positive bias. However, traders should be cautious of a reversal from the 24750–24700 zone. If the index fails to hold and reverses downward, a short trade setup could be considered with downside targets of 24650, 24600, and 24550. In case of further weakness below 24450, the trend may extend on the downside with targets at 24350, 24300, and 24250. This is a critical level to watch. Wait for a decisive breakout above 24750 or a reversal signal before taking directional trades. Use strict stop-loss and manage positions actively, especially in early session volatility.
NSE:NIFTY
by TradZoo
5 june Nifty50 brekout & break down level 🔼 Call Option (CE) Trade Levels: 25,118 – Above 10m Closing → Short covering possible (Bullish breakout zone) 24,918 – Above 10m Hold → CE by zone (Bullish confirmation zone) 24,437.70 – 10m Hold → CE by risky zone (Uncertain upside attempt) 24,268 – CE by safe zone (Good support; possible long build-up) 🔽 Put Option (PE) Trade Levels: 25,118 – Below 10m → PE by safe zone (Bearish rejection from breakout) 24,918 – Below 10m → PE by risky zone 24,420 – Below 10m Hold → PE by zone (Bearish confirmation) Below 24,268 – Unwinding possible (Breakdown leval) 📊 Neutral / Trade View Levels: 24,732 – Above this → Positive trade view 24,700 zone – Below this → Negative trade view 24,570 –flat Opening support 24,570 –gap down Opening resistance zone
NSE:NIFTYLong
by mayuraj_820
Nifty Analysis EOD – June 4, 2025 – Wednesday🟢 Nifty Analysis EOD – June 4, 2025 – Wednesday 🔴 A Pause with a Purpose: Calm Before the Storm? Today’s Nifty price action was quiet and composed. The index opened with a mild 33-point gap-up, only to find resistance around the 24,600 mark—tested multiple times through the day. Eventually, it retraced to fill the gap, took support near the 24,500 zone, and spent most of the session within a tight initial balance of just 82 points. A mid-session breakout attempt gave bulls a fleeting 30-point push, but the rally fizzled at the 24,625–24,640 resistance zone, and the index settled at 24,620.20, wrapping up the day in a 114-point range. While the range was narrow, the price structure hints at a market in wait mode, possibly anticipating upcoming events or news flow. Patience is the key here. 🛡 5 Min Chart with Levels 📦 Bigger Picture: Still Trapped in the Box This was the 14th session and 20th trading day stuck in a 653-point box range (24,462–25,116) formed since the 15th May breakout candle. Nifty is now near the bottom of that range, and the 15th May Master Candle low of 24,494 is becoming crucial. 🔴 A close below that level could potentially unlock lower zones near 24,000 or even 23,800. No need to pre-empt the move—let the market trigger, then respond. 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown Open: 24,560.45 High: 24,644.25 Low: 24,530.45 Close: 24,620.20 Net Change: +77.70 (+0.32%) Candle Structure Real Body: 59.75 pts (Green) Upper Wick: 24.05 pts Lower Wick: 30.00 pts Interpretation A quiet session with modest gains. The candle shows buyers stepping in after yesterday's sell-off, but the recovery lacked strength. The small body and limited wicks signal a day of balance—neither bulls nor bears fully in control. Candle Type 🟩 Neutral Bullish Candle / Basic Continuation Bar Indicates pause in selling pressure, but not yet a confirmation of bullish reversal. Key Insight A close above 24,645 is needed to validate any recovery attempt. As long as 24,530–24,500 holds, short-term sentiment stays cautiously optimistic. Tomorrow’s session will be crucial to set the tone. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 262.59 IB Range: 82.3 → Small IB Market Structure: Balanced Trades: ❌ No trade triggered today 📌 Support & Resistance Zones Resistance Levels 24,625 ~ 24,640 24,660 24,727 ~ 24,737 24,768 ~ 24,800 24,820 24,882 24,894 (Strong Resistance) Support Levels 24,600 24,530 ~ 24,480 24,460 24,420 ~ 24,400 24,365 ~ 24,330 24,245 ~ 24,240 💭 Final Thoughts: A day of controlled consolidation in a narrow range. While the broader market may look indecisive, this could be accumulation or energy build-up for the next big directional move. Stay observant—levels are speaking louder than volume right now. 📌 "When markets whisper, smart traders listen. The quiet days often precede the loudest moves." ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty levels - Jun 05, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
NIFTY Index Technical Analysis (Daily)📊 NIFTY Index Technical Analysis (Daily) – June 4, 2025 Current Price: ₹24,583.90 Change: +₹41.40 (+0.17%) --- 🔍 Key Technical Highlights: Rising Channel Breakdown: Nifty has broken below the rising channel, suggesting a short-term correction may be underway. Immediate Support Zone: Blue box area near ₹23,850 (PE Target) is key — likely to act as the first demand zone. Strong Buy Zone: If the decline continues, ₹23,000–23,200 is marked as a major accumulation zone, where long positions can be considered. 🧭 Price Outlook: If the price respects the ₹23,850 zone, we may see a bullish bounce and trend continuation. A breakdown below the blue zone may lead price toward the strong buy zone before any reversal. 💡 Trade Plan Idea: Watch ₹23,850: Potential bounce area for aggressive bulls. Wait for Reversal Signals at the lower strong demand zone for a safer entry.
NSE:NIFTYShort
by passionate_trader07
#NIFTY Intraday Support and Resistance Levels - 04/06/2025Nifty is opening with a gap-up near the 24700 level, placing it right at a key decision zone. If the index sustains above the 24750–24800 resistance band, it could trigger a bullish breakout with intraday upside targets of 24850, 24900, and 24950+. However, if Nifty fails to hold this gap-up and slips back below 24700, it could quickly turn into a false breakout. A breakdown below 24700 may invite selling pressure with targets at 24650, 24600, and 24550. Since the gap-up is near a resistance threshold, early volatility is expected. Wait for confirmation of direction with price-action and volume before taking any directional trade. Use strict stop-loss and consider partial booking around each target zone.
NSE:NIFTY
by TradZoo
MARKET ORDER BLOCK REACTION PREDICTIONHellow Guys You know market alway work on order blocks with ic anso fuel of any markets during trading there is fight between Buers and seller whos's orders are more and not about to liquidate they are to try to liquidate apponents orders , orders may be buy limit sell limit buy stop sell stop, stop loss and targets all those orders are always present on market durung trade every order are tested mostly who is sustain to do not liquidate is winning and then market move one winning side always. who is exausted is liquidate. so base on orders are place in which location whos is exhausted and who is winning we can predict to market next order zone for every testing ossiblility of previous order not fill or not exhausted or who is sustain last time both seller order on top buyer orders on bottom. so its decided the market direction
NSE:NIFTYLong
by Akash1295
4 June Nifty50 best trading zone#Nifty50 #option trading 🚀 If you like my trading plan and levels, don't forget to boost the post 99% working trading plan 👉Gap up open 24640 above & 15m hold after positive trade target 24840, 25033 👉Gap up open 24640 below 15m not break upside after nigetive trade target 24390 , 24220 👉Gap down open 24390 above 15m hold after positive trade target 24640 👉Gap down open 24390 below 15m not break upside after nigetive trade target 24220, 24090 📌 Trade plan for education purpose I'm not responsible your trade More education follow social media and boost my idea 📌 koi bhi trade leval se 20 point ke sl ke bhina karan nahi hi 📌 koi trade app activate tabhi karana hota hi level pe 2 candle uper ya niche closing aati hai to 📌 leval par Ane pe turant trade plan na kare ... 📌 Full risk apaki hi hi meri nahi
NSE:NIFTYLong
by mayuraj_820
Nifty Analysis EOD – June 3, 2025 – Tuesday🟢 Nifty Analysis EOD – June 3, 2025 – Tuesday 🔴 Opening Sentiment vs. Reality: A Day of Dual Personality Nifty opened with a 70-point gap-up above the previous day’s high, carrying a positive vibe. In just one minute, it surged another 57 points, marking the day’s high at 24,845. However, that bullish momentum didn’t last. The index faced strong resistance, leading to a sharp 243-point drop within 15 minutes, breaching CPR and the previous swing low to hit the first Current Day Low (CDL) at 24,601.30. Despite the jolt, Nifty showed resilience—bounced back from the 24,625–24,640 zone, recovered to VWAP, and even retested the PDH. Yet again, it failed to hold above 24,700, echoing the morning's rejection. A second wave of selling took Nifty to a fresh low of 24,502.15 mid-session. The closing wasn’t any better. Nifty quietly slid again, retested the breakout zone, and closed at 24,542.50, nearly at the intraday low—a day that started with hope ended on a pessimistic note. Interestingly, India VIX also dropped, despite the downward market move—signalling premium crush and a double whammy for option buyers who got the direction right but profits wrong. 🛡 5 Min Chart with Levels 📊 Daily Summary Highlights ✅ Gap-up Start but sharp reversal 📉 Both PDH and PDL tested intraday 📉 Marubozu Engulfing Candle ⚠️ Closed below Higher Swing Low – a potential trend-shift signal 🕯 Daily Time Frame Chart 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown Open: 24,786.30 High: 24,845.10 Low: 24,502.15 Close: 24,542.50 Net Change: −174.10 (−0.70%) 🕯 Candle Structure Real Body: 243.80 pts (Big red candle) Upper Wick: 58.80 pts Lower Wick: 40.35 pts Interpretation A classic bearish reversal day. Price opened higher, reached a new high, but was aggressively sold off, closing near the day’s low. This large-bodied red candle with small wicks shows clear control by the bears. Candle Type 🟥 Bearish Marubozu-like Candle Strong rejection at highs Bearish dominance confirmed Lower close signals momentum continuation to the downside Key Insight 24,845 now acts as a firm resistance. Break below 24,500 could accelerate correction. Bulls need to defend 24,500–24,520 zone decisively to avoid further weakness. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 279.13 IB Range: 243.80 → Medium IB Market Structure: Balanced Trades: 🔻 12:50 PM – Short Triggered → 📍 1:1 Target Achieved, but timeout 📌 Support & Resistance Zones Resistance Levels 24,600 24,625 ~ 24,640 24,660 24,727 ~ 24,737 24,768 ~ 24,800 24,820 24,882 24,894 (Strong Resistance) Support Levels 24,530 ~ 24,480 24,460 24,420 ~ 24,400 24,365 ~ 24,330 24,245 ~ 24,240 💭 Final Thoughts The market showcased a classic reversal and punished emotional entries. Despite the gap-up euphoria, technical levels reigned supreme. The break below swing low could signal caution for bulls in the coming sessions. 📌 "Respect the levels, not the emotions. Every bounce is not a bottom; every fall isn’t a crash." ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Bull Rally Losing steam as international factors weigh in. The Bull rally that we saw in Nifty in the last one month or so is losing a little steam as international factors related to escalating Russia and Ukraine war and International Tariff war start to weigh in. This made it difficult for Nifty to hold on to levels above 25000 after making a high of 25116 in the current rally. After making a high it is any substantial rally would try to consolidate and find a reasonable bottom from where it can launch again. Verifying a solid support is necessary for rally to move forward. The supports for Nifty currently are at: 24515, 24185 (Mother line important support), 23945, 23689 (Father line important support). If 23689 is broken the bears will be very active again and can potentially drag down nifty to 23214, 22902 or even 22666. So 24185 and 23689 are important levels for Nifty to hold. The Resistances for Nifty currently are at: 24838, 25116 (Important Resistance level, recent high). Sustaining above 25116 and Nifty closing above it can enable next leg of the rally which can take us in future to next resistance levels of 25438, 25641, 25845 and 26K+ levels. The market might be speculating Russian response to Ukraine Drone attack. The scale of Russian attack if it happens will determine the movement of market. The local factors are mostly in favour of Indian markets. So long term investors should not worry. Traders and short term investors should avoid taking unnecessary risk as situation on international front. Geo-Political risk in the subcontinent, at Israel front and Between Russia and other EU nations should be on the hindsight of any decision making. Additionally there are rising number of COVID cases in India which can also become a factor which can effect market sentiment. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty levels - Jun 04, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
NIFTY 50 Technical View - Symmetrical Triangle PatternNIFTY 50 Technical View: Formation: Symmetrical Triangle Pattern formation is observed. Key Support Level: 24,500 — A daily close below 24,500 is critical for confirmation of a breakdown. Downside Target: Post-breakdown, the next target is projected around 23,700 levels. Resistance Trendline: Descending trendline acting as a strong resistance on the top side. Market Implication: Breakdown of the triangle could trigger a sharp downside move. Below 24,500, sentiment will likely turn bearish leading toward the 23,700 zone. Quick Highlights: ⚠️ Watch for a daily close below 24,500. 🎯 Target: 23,700 levels. ⛔ Invalidation: Sustained move above the descending trendline would invalidate the bearish view. Chart Summary: The lower highs and strong horizontal support setup which typically hints at a bearish breakout from a triangle. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as investment advice or a recommendation to buy or sell any financial instrument. Trading and investing involve significant risk, and you should always conduct your own research or consult with a qualified financial advisor before making any trading decisions. Past performance is not indicative of future results. The author will not be held responsible for any losses incurred from the use of this information.
NSE:NIFTYShort
by shiva560060