Nifty 50 Index | Intraday Outlook (15m Timeframe)
Price is currently consolidating around the 25,050 zone, showing signs of indecision. A symmetrical triangle is forming near the support zone, indicating a potential breakout.
๐ Key Levels:
Support: 25,030 โ 25,050
Resistance Zones: 25,100 โ 25,125 and 25,150 โ 25,175
๐ Bullish Scenario:
If price sustains above the blue trendline and breaks 25,100 with volume, we may see a move towards 25,150 and higher.
๐ Bearish Scenario:
A breakdown below 25,030 with strong momentum could drag the index toward 25,000 and even 24,950.
๐ Neutral Bias:
Sideways consolidation may continue between 25,030 and 25,100 before any decisive move.
๐ก Trade with proper risk management. Wait for breakout confirmation before entering a position.
#Nifty50 #Intraday #TechnicalAnalysis #PriceAction #NSE
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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.