#Nifty Daily Outlook:
CMP: 25,285
Pattern: Symmetrical Triangle ▶️
A Symmetrical Triangle pattern is forming on the daily timeframe, following a strong uptrend, a classic bullish continuation setup.
🟣 Breakout Level: A daily close above the falling trendline from the all-time high (ATH) (marked in purple) will confirm the breakout.
🎯 Pattern Target: 26,700
🔒 Pattern Invalidation: Close below 24,337 DCB
Price action is compressing tightly within the triangle, indicating a potential volatility expansion soon.
Breakout confirmation could reignite momentum toward new highs.
✅ Dips into support zones can be used for positioning, with proper risk management.
📌 Support & resistance levels remain the same as shared in the tagged weekly post.
#Nifty | #Nifty50 | #SymmetricalTriangle | #ChartPatterns | #SwingTrading | #PriceAction
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
CMP: 25,285
Pattern: Symmetrical Triangle ▶️
A Symmetrical Triangle pattern is forming on the daily timeframe, following a strong uptrend, a classic bullish continuation setup.
🟣 Breakout Level: A daily close above the falling trendline from the all-time high (ATH) (marked in purple) will confirm the breakout.
🎯 Pattern Target: 26,700
🔒 Pattern Invalidation: Close below 24,337 DCB
Price action is compressing tightly within the triangle, indicating a potential volatility expansion soon.
Breakout confirmation could reignite momentum toward new highs.
✅ Dips into support zones can be used for positioning, with proper risk management.
📌 Support & resistance levels remain the same as shared in the tagged weekly post.
#Nifty | #Nifty50 | #SymmetricalTriangle | #ChartPatterns | #SwingTrading | #PriceAction
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.