#Nifty Update (Daily):
CMP: 25,891.40
Following our previous update at 25,285, Nifty has decisively broken out above the Symmetrical Triangle pattern and surged to a high of 26,104 today. Price action formed a bearish candle but managed to close positively on the daily chart.
🔄 What to expect next?
A potential retest of breakout levels is likely as profit booking is expected after a strong rally of over 1,500 points from the swing low. Watch the key support zones closely for a possible bounce.
🔽 Support Zones to watch:
25,669 - 25,638
25,449 - 25,424
⚡️ If Nifty holds these levels and reverses, it could set the stage for a renewed upmove aimed at surpassing the all-time high (ATH) at 26,277.
🔼 Resistance Zones to watch:
26,104 (recent high)
26,216 - 26,277 (ATH)
📈 A sustained break above the ATH will confirm continuation toward the symmetrical triangle’s ultimate target near 26,700.
#Nifty | #Nifty50 | #BreakOutRetest | #SymmetricalTriangle | #ChartPatterns | #SwingTrading | #PriceAction
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
CMP: 25,891.40
Following our previous update at 25,285, Nifty has decisively broken out above the Symmetrical Triangle pattern and surged to a high of 26,104 today. Price action formed a bearish candle but managed to close positively on the daily chart.
🔄 What to expect next?
A potential retest of breakout levels is likely as profit booking is expected after a strong rally of over 1,500 points from the swing low. Watch the key support zones closely for a possible bounce.
🔽 Support Zones to watch:
25,669 - 25,638
25,449 - 25,424
⚡️ If Nifty holds these levels and reverses, it could set the stage for a renewed upmove aimed at surpassing the all-time high (ATH) at 26,277.
🔼 Resistance Zones to watch:
26,104 (recent high)
26,216 - 26,277 (ATH)
📈 A sustained break above the ATH will confirm continuation toward the symmetrical triangle’s ultimate target near 26,700.
#Nifty | #Nifty50 | #BreakOutRetest | #SymmetricalTriangle | #ChartPatterns | #SwingTrading | #PriceAction
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.