Nifty is trading at 24,895, and has just tested the zero line after a strong upward momentum surge, consolidating near key resistance after a breakout move.
Bullish (Long) Setup
Long Entry (24,845):
Fresh longs can be initiated above 24,845 as bullish momentum takes charge after reclaiming previous resistance.
Consider pyramiding/additional buys near 24,826 if minor dips hold and buyers defend this band, marking sustained accumulation.
Upside Targets:
24,991 (Target 1): First intraday supply and recent high, logical area for profit booking if trend continues.
25,052 (Target 2): Extended bullish target and upper channel resistance.
Stop Loss:
Maintain tight stops below 24,808 (short entry band) or trail as price approaches target for risk management.
Bearish (Short) Setup
Short Entry (24,808):
Shorts only activate below 24,808 on breakdown of support, giving control to bears and signaling failed recovery.
Downside Targets:
24,797 (Target 1): Immediate support and prior bounce area.
24,737 (Target 2): Deeper extension, mapping further weakness if selling accelerates.
Stop Loss:
Cover shorts if price sustains above 24,845 to minimize drawdown on failed breakdowns.
Range/Neutral Logic
Zero Line (24,895):
Price at zero line indicates pivot zone; sustained action above encourages bullish bias toward mapped targets, while slips below may revert to consolidation or minor pullback.
Technical Chart Analyst
Track: Indian & US Markets
Indices | Commodities | Crypto
Telegram: @ChartPathik for NSE & MCX
& @ChartPathik_Global for US Ins. & Crypto
WhatsApp: +91-99293-91467 for updates.
Track: Indian & US Markets
Indices | Commodities | Crypto
Telegram: @ChartPathik for NSE & MCX
& @ChartPathik_Global for US Ins. & Crypto
WhatsApp: +91-99293-91467 for updates.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Technical Chart Analyst
Track: Indian & US Markets
Indices | Commodities | Crypto
Telegram: @ChartPathik for NSE & MCX
& @ChartPathik_Global for US Ins. & Crypto
WhatsApp: +91-99293-91467 for updates.
Track: Indian & US Markets
Indices | Commodities | Crypto
Telegram: @ChartPathik for NSE & MCX
& @ChartPathik_Global for US Ins. & Crypto
WhatsApp: +91-99293-91467 for updates.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.