NIFTY 15 Min: Breakout Active, 24,380 Is Key
NIFTY is trading near 24,344 after a strong breakout above the 24,246 zone.
Current bias: Bullish / breakout continuation, but slightly stretched near resistance
Main view: NIFTY has given a strong upside move from the 24,080–24,100 zone and is now trading near the upper side around 24,340–24,350. The chart structure has clearly improved because price is forming higher highs and higher lows on the 15-min timeframe.
Broader cues are mixed. The previous week ended strong, with NIFTY closing around 24,334 on Friday, supported by IT and financial earnings, but GIFT Nifty was indicating a weaker start today.
The structure has turned bullish on the lower timeframe, but price is now close to immediate resistance near 24,369–24,380. Fresh CE should come only after confirmation.
______________________________
Key Levels
Resistance: 24,369–24,380
Target 1: 24,452
Target 2: 24,566
Support: 24,320–24,300
Breakout Base: 24,246
Lower Levels: 24,167 / 24,050
______________________________
Trade Plan
Bullish above 24,380
Targets: 24,452 / 24,500 / 24,566
Buy-on-dip near 24,320–24,300
Only if bullish rejection appears.
Bearish below 24,246
Targets: 24,167 / 24,050
______________________________
View
NIFTY is bullish, but slightly stretched.
Above 24,380 → buyers continue
Below 24,246 → breakout failure
Inside range → wait for confirmation
______________________________
Educational view only. Trade with strict risk management.
NIFTY is trading near 24,344 after a strong breakout above the 24,246 zone.
Current bias: Bullish / breakout continuation, but slightly stretched near resistance
Main view: NIFTY has given a strong upside move from the 24,080–24,100 zone and is now trading near the upper side around 24,340–24,350. The chart structure has clearly improved because price is forming higher highs and higher lows on the 15-min timeframe.
Broader cues are mixed. The previous week ended strong, with NIFTY closing around 24,334 on Friday, supported by IT and financial earnings, but GIFT Nifty was indicating a weaker start today.
The structure has turned bullish on the lower timeframe, but price is now close to immediate resistance near 24,369–24,380. Fresh CE should come only after confirmation.
______________________________
Key Levels
Resistance: 24,369–24,380
Target 1: 24,452
Target 2: 24,566
Support: 24,320–24,300
Breakout Base: 24,246
Lower Levels: 24,167 / 24,050
______________________________
Trade Plan
Bullish above 24,380
Targets: 24,452 / 24,500 / 24,566
Buy-on-dip near 24,320–24,300
Only if bullish rejection appears.
Bearish below 24,246
Targets: 24,167 / 24,050
______________________________
View
NIFTY is bullish, but slightly stretched.
Above 24,380 → buyers continue
Below 24,246 → breakout failure
Inside range → wait for confirmation
______________________________
Educational view only. Trade with strict risk management.
Trade closed: target reached
⚠️Struggling with entry-exits, and risk management?
📈 Join Our Trading Community
Contact ⬇️
📱 wa.me/919322295961
⭐ Trading course
⭐ Indicators
⭐ F&O Trade ideas
Our New Telegram channel⬇️
📱 telegram.me/investyourasset1
📈 Join Our Trading Community
Contact ⬇️
📱 wa.me/919322295961
⭐ Trading course
⭐ Indicators
⭐ F&O Trade ideas
Our New Telegram channel⬇️
📱 telegram.me/investyourasset1
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.
⚠️Struggling with entry-exits, and risk management?
📈 Join Our Trading Community
Contact ⬇️
📱 wa.me/919322295961
⭐ Trading course
⭐ Indicators
⭐ F&O Trade ideas
Our New Telegram channel⬇️
📱 telegram.me/investyourasset1
📈 Join Our Trading Community
Contact ⬇️
📱 wa.me/919322295961
⭐ Trading course
⭐ Indicators
⭐ F&O Trade ideas
Our New Telegram channel⬇️
📱 telegram.me/investyourasset1
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.