Nifty 50 appears to be in a corrective phase after completing a larger advance near the 26,373 zone. The recent sharp decline into the 22,955 region looks like a potential wave (Y)/(v) exhaustion area, where selling pressure may be stabilizing. Price is now attempting to reclaim the 23,750 – 24,150 region, which acts as an important pivot. Holding above this zone could support a recovery move toward the first resistance cluster near 24,550 (R1), while a stronger breakout may open the path toward 25,000 – 25,900 (R2–R3).
Near term, the structure suggests a possible wave (1)-(2) base formation, meaning a rebound may develop after this correction if buyers continue defending current levels. The main bullish trigger is reclaiming and sustaining above 24,550, which would strengthen the case for upside continuation. On the downside, if price slips back below recent support and loses momentum near 22,955, the market may revisit deeper support toward the 21,850 region before any larger trend reversal attempt.
We will update further information soon.
BrightRally_Research
Near term, the structure suggests a possible wave (1)-(2) base formation, meaning a rebound may develop after this correction if buyers continue defending current levels. The main bullish trigger is reclaiming and sustaining above 24,550, which would strengthen the case for upside continuation. On the downside, if price slips back below recent support and loses momentum near 22,955, the market may revisit deeper support toward the 21,850 region before any larger trend reversal attempt.
We will update further information soon.
BrightRally_Research
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.