CMP: 25,285
Primary Trend: Uptrend (Bullish Bias)
🔽 Support Zones
• 25154 – 25084
• 24858 – 24768
• 24588 (Major swing support)
🔼 Resistance Zones
• Immediate Resistance: 25424 – 25449
• Next Hurdles: 25638 – 25669
• Key Breakout Level: 26179 – 26277.35 (ATH)
Pattern: Cup & Handle ☕️
A classic Cup & Handle pattern is forming on the weekly timeframe, following a strong uptrend, which is a bullish continuation setup.
• 🧭Neckline breakout (sloping white trendline) is the key trigger.
• 🎯 Target Projection: ~29,500 (~16% upside potential post-breakout)
🔒 Pattern Invalidation Level
• Weekly close below 24,337 negates the pattern.
⏳ Awaiting Breakout Confirmation
• A weekly close above the neckline with solid volume will confirm the breakout.
• Until then, price remains in a healthy consolidation.
✅ Dips into support zones can be used for positioning, with proper risk management.
#Nifty | #Nifty50 | #CupAndHandle | #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.
Primary Trend: Uptrend (Bullish Bias)
🔽 Support Zones
• 25154 – 25084
• 24858 – 24768
• 24588 (Major swing support)
🔼 Resistance Zones
• Immediate Resistance: 25424 – 25449
• Next Hurdles: 25638 – 25669
• Key Breakout Level: 26179 – 26277.35 (ATH)
Pattern: Cup & Handle ☕️
A classic Cup & Handle pattern is forming on the weekly timeframe, following a strong uptrend, which is a bullish continuation setup.
• 🧭Neckline breakout (sloping white trendline) is the key trigger.
• 🎯 Target Projection: ~29,500 (~16% upside potential post-breakout)
🔒 Pattern Invalidation Level
• Weekly close below 24,337 negates the pattern.
⏳ Awaiting Breakout Confirmation
• A weekly close above the neckline with solid volume will confirm the breakout.
• Until then, price remains in a healthy consolidation.
✅ Dips into support zones can be used for positioning, with proper risk management.
#Nifty | #Nifty50 | #CupAndHandle | #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.
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.
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.