🏦 NIFTY 50 INDEX – Double Top Pattern Formation with Gap Below | 15-Min Chart
📅 Date: April 28, 2025
📈 Timeframe: 15-Minute
🔍 Index: Nifty 50 (NSE)
📌 Technical Overview:
Nifty 50 has formed a Double Top pattern on the 15-minute chart around the 24,365 zone, a classic bearish reversal structure.
The price faced rejection at the previous high, signaling caution. Immediate support lies at 23,847, and a breakdown below this level could open downside momentum toward the gap area visible on the chart.
🧩 Chart Pattern:
Double Top identified at 24,365 levels (marked in red).
Neckline support positioned at 23,847 (green line).
A black trendline breakdown already visible, strengthening bearish bias.
Below 23,847, focus shifts to the gap fill zone between 23,207 and 22,923 (orange highlighted).
🔍 Key Price Levels:
Resistance: 24,365
Immediate Support: 23,847
Gap Zone Support: 23,207–22,923
CMP: 24,312.90
A clear breakdown below 23,847 could accelerate the fall toward the gap area.
📊 Volume Analysis:
Increasing selling volume observed near the second top.
The breakout attempt was met with significant volume resistance, hinting at supply dominance.
🧠 Observational Bias:
As long as Nifty stays below 24,365 and breaches 23,847 decisively, bears may remain in control. Traders should watch for either a gap fill attempt or a possible bounce if price retests 23,847 from below.
📅 Date: April 28, 2025
📈 Timeframe: 15-Minute
🔍 Index: Nifty 50 (NSE)
📌 Technical Overview:
Nifty 50 has formed a Double Top pattern on the 15-minute chart around the 24,365 zone, a classic bearish reversal structure.
The price faced rejection at the previous high, signaling caution. Immediate support lies at 23,847, and a breakdown below this level could open downside momentum toward the gap area visible on the chart.
🧩 Chart Pattern:
Double Top identified at 24,365 levels (marked in red).
Neckline support positioned at 23,847 (green line).
A black trendline breakdown already visible, strengthening bearish bias.
Below 23,847, focus shifts to the gap fill zone between 23,207 and 22,923 (orange highlighted).
🔍 Key Price Levels:
Resistance: 24,365
Immediate Support: 23,847
Gap Zone Support: 23,207–22,923
CMP: 24,312.90
A clear breakdown below 23,847 could accelerate the fall toward the gap area.
📊 Volume Analysis:
Increasing selling volume observed near the second top.
The breakout attempt was met with significant volume resistance, hinting at supply dominance.
🧠 Observational Bias:
As long as Nifty stays below 24,365 and breaches 23,847 decisively, bears may remain in control. Traders should watch for either a gap fill attempt or a possible bounce if price retests 23,847 from below.
매매 수동청산
📊 STWP | Mentor | Demand & Supply Specialist
🎯 Helping you become a self-reliant & independent trader
🎓 Learn more: simpletradewithpatience.com
📲 WhatsApp: wa.me/919987567889
🔍 Trade with Clarity. Learn with Patience.
🎯 Helping you become a self-reliant & independent trader
🎓 Learn more: simpletradewithpatience.com
📲 WhatsApp: wa.me/919987567889
🔍 Trade with Clarity. Learn with Patience.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
📊 STWP | Mentor | Demand & Supply Specialist
🎯 Helping you become a self-reliant & independent trader
🎓 Learn more: simpletradewithpatience.com
📲 WhatsApp: wa.me/919987567889
🔍 Trade with Clarity. Learn with Patience.
🎯 Helping you become a self-reliant & independent trader
🎓 Learn more: simpletradewithpatience.com
📲 WhatsApp: wa.me/919987567889
🔍 Trade with Clarity. Learn with Patience.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.