NIFTY 50 is currently forming a bullish flag pattern on the lower timeframe after a strong impulsive move to the upside.
This consolidation phase represents a healthy correction within an uptrend, indicating that bulls are likely preparing for the next breakout leg.
The structure is showing a clear flag channel, where price is respecting parallel trendlines after the strong upward impulse.
Volume is also contracting during the pullback — a typical characteristic of a flag pattern.
Key Highlights:
🚀 Strong impulsive move followed by tight consolidation (flag).
📉 Flag resistance zone: 25,130 – 25,170
📈 Breakout above this zone could trigger bullish continuation toward 25,300 – 25,400.
⚠️ Invalid if price breaks below 25,050 with strong momentum.
Trading Idea:
Wait for a clean breakout candle above the flag resistance with volume confirmation for potential long entries.
This consolidation phase represents a healthy correction within an uptrend, indicating that bulls are likely preparing for the next breakout leg.
The structure is showing a clear flag channel, where price is respecting parallel trendlines after the strong upward impulse.
Volume is also contracting during the pullback — a typical characteristic of a flag pattern.
Key Highlights:
🚀 Strong impulsive move followed by tight consolidation (flag).
📉 Flag resistance zone: 25,130 – 25,170
📈 Breakout above this zone could trigger bullish continuation toward 25,300 – 25,400.
⚠️ Invalid if price breaks below 25,050 with strong momentum.
Trading Idea:
Wait for a clean breakout candle above the flag resistance with volume confirmation for potential long entries.
Note
NIFTY forming a clean bullish flag pattern after a strong impulse.Watching for breakout above 25,130–25,170 zone for continuation toward 25,300+.
📊 Flag pattern = continuation setup
Note
✅ Bullish flag breakout confirmed on NIFTY!Momentum candles breaking structure to the upside 🚀
🔹 Support zone: 25,060–25,080
🔹 Targets: 25,180 / 25,250 / 25,320
🔹 Trend: Bullish continuation
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.