Nifty 50 - Symmetrical Triangle Breakout Watch

Nifty is currently consolidating within a symmetrical triangle pattern on the 1-hour chart. Price is respecting both the rising support and descending resistance trendlines.

Key observations:

Clear higher lows indicate underlying bullish pressure.

Lower highs show selling pressure near resistance.

Expecting a possible pullback toward the lower trendline before a potential breakout to the upside.

Trade Plan (if breakout occurs):

📈 Bullish breakout above the upper trendline could lead to a sharp rally.

✅ Confirmation needed with strong volume and candle close above resistance.

Invalid if price breaks below the support trendline.

Stay alert for a breakout or breakdown — both scenarios possible, but current structure slightly favors bulls.