NIFTY 50 – Bullish Flag Formation | Continuation Pattern in Play

10월 8일

NIFTY 50 is currently forming a bullish flag pattern on the lower timeframe after a strong impulsive move to the upside.
This consolidation phase represents a healthy correction within an uptrend, indicating that bulls are likely preparing for the next breakout leg.

The structure is showing a clear flag channel, where price is respecting parallel trendlines after the strong upward impulse.
Volume is also contracting during the pullback — a typical characteristic of a flag pattern.

Key Highlights:

🚀 Strong impulsive move followed by tight consolidation (flag).

📉 Flag resistance zone: 25,130 – 25,170

📈 Breakout above this zone could trigger bullish continuation toward 25,300 – 25,400.

⚠️ Invalid if price breaks below 25,050 with strong momentum.

Trading Idea:
Wait for a clean breakout candle above the flag resistance with volume confirmation for potential long entries.

10월 8일

노트

NIFTY forming a clean bullish flag pattern after a strong impulse.
Watching for breakout above 25,130–25,170 zone for continuation toward 25,300+.
📊 Flag pattern = continuation setup

10월 9일

노트

✅ Bullish flag breakout confirmed on NIFTY!
Momentum candles breaking structure to the upside 🚀
🔹 Support zone: 25,060–25,080
🔹 Targets: 25,180 / 25,250 / 25,320
🔹 Trend: Bullish continuation