Nifty 50 (2-hour timeframe) chart...

yesterday

Nifty 50 (2-hour timeframe) chart
from TradingView — here’s what can be inferred visually:

Current Nifty price: ≈ 25,323

You’ve drawn:

A horizontal resistance zone around 25,450–25,500 (highlighted in green)

A rising trendline from lower lows (support line)

A projected “target point” arrow pointing toward that rising support line, intersecting around the 24,700–24,750 zone



📊 Interpretation

My chart setup suggests a potential short-term pullback from the resistance zone (25,450–25,500) toward the support region.

🎯 Likely Target Zone

Target: Around 24,700 ±50 points

Stop Loss (if short): Above 25,500

Support levels:

24,900 (minor Ichimoku support)

24,700 (trendline + target point)



⚠ Note

The Ichimoku cloud is providing near-term support around 24,950–25,000, so expect consolidation before any deeper correction.

If Nifty breaks above 25,500 with volume, this bearish setup invalidates and could open upside toward 25,800–26,000.

yesterday

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