NIFTY Daily Chart Outlook
NIFTY is currently trading within a falling channel and approaching a key trendline resistance.
📈 Bullish Scenario
If NIFTY breaks above the descending trendline with strong momentum and sustains the breakout, it could trigger a move towards the 24,750 resistance zone.
This area also aligns with the 0.61–0.65 Fibonacci retracement zone, making it an important upside target.
📉 Bearish Scenario
If the index fails to break the trendline and faces rejection from current levels, selling pressure may resume.
In that case, NIFTY could revisit the 23,000 support zone.
🎯 Key Levels
Breakout Confirmation: Descending trendline resistance
Upside Target: 24,750
Downside Support: 23,000
Summary: A breakout above the falling channel could open the door for a rally towards 24,750, while rejection from the trendline may lead to another decline towards the 23,000 support area.
NIFTY is currently trading within a falling channel and approaching a key trendline resistance.
📈 Bullish Scenario
If NIFTY breaks above the descending trendline with strong momentum and sustains the breakout, it could trigger a move towards the 24,750 resistance zone.
This area also aligns with the 0.61–0.65 Fibonacci retracement zone, making it an important upside target.
📉 Bearish Scenario
If the index fails to break the trendline and faces rejection from current levels, selling pressure may resume.
In that case, NIFTY could revisit the 23,000 support zone.
🎯 Key Levels
Breakout Confirmation: Descending trendline resistance
Upside Target: 24,750
Downside Support: 23,000
Summary: A breakout above the falling channel could open the door for a rally towards 24,750, while rejection from the trendline may lead to another decline towards the 23,000 support area.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.