This is the daily timeframe chart of NIFTY.
NIFTY is trading within a well-defined structure, with higher-low (HL) support levels placed at 25,800 and 25,550.
On the lower timeframe, the index is showing a trendline breakout near 25,950, indicating short-term strength.
Based on Fibonacci retracement, the key reversal and decision zone lies between 25,900–25,950. If this support zone breaks, the next important support is positioned near 25,800.
If these support levels hold, NIFTY may continue its upward move. According to Fibonacci extension, the potential upside targets are 26,380–26,450, while 26,600 remains a major resistance, aligned with channel resistance and extension levels.
Thank You ....
NIFTY is trading within a well-defined structure, with higher-low (HL) support levels placed at 25,800 and 25,550.
On the lower timeframe, the index is showing a trendline breakout near 25,950, indicating short-term strength.
Based on Fibonacci retracement, the key reversal and decision zone lies between 25,900–25,950. If this support zone breaks, the next important support is positioned near 25,800.
If these support levels hold, NIFTY may continue its upward move. According to Fibonacci extension, the potential upside targets are 26,380–26,450, while 26,600 remains a major resistance, aligned with channel resistance and extension levels.
Thank You ....
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
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@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。