Best Possible Elliott Wave Counts: ETHUSDHello friends,
Welcome RK_Chaarts.
Today we're attempting to analyze Ethereum's chart from an Elliott Wave perspective. Looking at the monthly timeframe chart, we can see that from the beginning, around 2015-2016, when data is available, to the top in 2021 we have a Super Cycle degree Wave (I) marked in blue, which has completed.
Next, June 2022 we have a bottom around $874, marking the end of Super Cycle Wave (II) in blue.
We are now unfolding Wave (III), which should have five sub-divisions. Within this, the red Cycle degree Wave I and Wave II have completed, and we have possibly started the third of third wave.
Monthly:
Moving to a lower timeframe (Weekly) where we observed the completion of blue Wave (II) and the start of Wave (III), we notice that within this, the red Cycle degree Wave I and Wave II have completed, and we've possibly started Wave III of cycle degree marked in Red.
Furthermore, friends, within this third wave, we've marked the black Primary degree Waves ((1)) and ((2)), which we've labeled as Rounded ((1)) and Rounded ((2)). We're assuming these are complete, and Wave ((3)) has started, which is our current working hypothesis.
Weekly:
Now, if we move to a lower timeframe, such as the daily chart, we can see that the Cycle degree Wave II, which ended at 1385.70, has been followed by a Primary degree black Wave ((1)) in Black & Wave ((2)) has pulled back, completing Waves ((1)) and ((2)), and now Primary degree Wave ((3)) has started.
Possible wave counts on Daily
Within Wave ((3)), we expect five Intermediate degree waves. We've marked the first Intermediate degree Wave (1) in blue, which is currently unfolding. If we move to an even lower timeframe, such as the 4-hour chart, we can see that within the Intermediate degree blue Wave (1), there are five Minor degree sub-divisions marked in red. Waves 1 and 2 are complete, and Wave 3 is nearing completion.
Possible wave counts on 4 Hours:
Once Wave 3 is complete, we expect Waves 4 and 5 to follow, completing the Intermediate degree blue Wave (1). After that, we may see a dip in the form of Wave (2), followed by a continuation of the bullish trend as blue Wave (3).
Possible wave counts on 60 Min:
Friends, based on our multi-timeframe analysis, the overall wave structure appears bullish. We've provided snapshots of each timeframe, and you can see the nearest invalidation level marked with a red line.
In this study, we're using Elliott Wave theory and structure, which involves multiple possibilities. The scenario we're presenting seems plausible because it's aligned across multiple timeframes and adheres to Elliott Wave principles. However, please remember that this analysis can be wrong, and you should consult with a financial advisor before making any investment decisions.
This post is shared purely for educational purposes, to illustrate possible Elliott Waves.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Chaarts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Community ideas
BTC AI Prediction Dashboard - 6h Price Path (13.07.25)
Prediction made using - Crypticorn AI Prediction Dashboard
For more info - www.crypticorn.com
BTCUSDT Forecast:
Crypticorn AI Prediction Dashboard Projects 6h Price Path (Forward-Only)
Forecast timestamp: ~12:15 UTC
Timeframe: 15m
Prediction horizon: 6 hours
Model output:
Central estimate (blue line): -117,944
40% confidence band (light blue): 117,485 – 118,113
80% confidence band (dark blue): 116,881 – 119,065
Volume on signal bar: 63.41
Observations:
Price currently near central estimate, within 40% band
Continuation likely as long as price remains within 80% band
Moves outside 80% = low-probability fade or potential breakout
Model does not repaint. Forecast is fixed once published.
DYOR NFA
ACC - Rinse and RepeatTF: 2 hours
The pattern is explained in the chart itself.
As per DOW theory, price is making HH by breaking previous Swing Highs.. But, it faces rejection at the falling trendline (Wedge)..
Price tried to breakout from the wedge too, but failed as of now..
A retest of FVG is due at around 1880 levels.. Price action that zone would give us further clue..
Looks like this script will be out of F&O from Aug series.. But worth tracking the set up for learning purposes..
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in CUPID
BUY TODAY SELL TOMORROW for 5%
KIRLOSENG: Post-Results Breakout and Consolidation. F&P PatternNSE:KIRLOSENG : How This Hidden Gem Could Be Your Next Big Winner After Post-Results Breakout and Consolidation Let's Analyze in my "Chart of the Week"
Price Action:
- The stock shows a classic recovery pattern from March 2025 lows around ₹590-600
- Current price at ₹914.85 represents a significant 52% recovery from the March bottom
- The stock has been forming higher lows since March, indicating underlying strength
- Recent breakout above the ₹850 resistance level with strong volume confirmation
Volume Spread Analysis:
- Volume spike during the recent breakout suggests institutional participation
- The post-results reaction shows a healthy volume of 724.08K against a 20-day average of 5.73M
- Volume patterns indicate an accumulation phase during the consolidation period from April to June
Base Formation:
- Primary base established between ₹590-650 (March 2025 lows)
- Secondary base formed around the ₹750-800 level during April-May consolidation
- Current base being built around ₹880-920 after the recent breakout
Support and Resistance Levels:
Key Support Levels:
- Immediate support: ₹880-890 (recent breakout level)
- Strong support: ₹830-850 (previous resistance turned support)
- Major support: ₹780-800 (secondary base level)
- Ultimate support: ₹590-650 (primary base)
Resistance Levels:
- Immediate resistance: ₹950-970
- Major resistance: ₹1,000-1,020 (psychological level)
- Long-term resistance: ₹1,100-1,150 (previous highs from late 2024)
- Ultimate target: ₹1,400+ (all-time high region)
Technical Patterns:
Flag and Pole Pattern:
- The chart clearly shows a flag and pole formation
- The flag represents the consolidation phase from May to June 2025
- Recent breakout confirms the pattern completion with an upward trajectory
Ascending Triangle:
- The stock has formed an ascending triangle pattern with higher lows and consistent resistance around ₹850
- The breakout above this level validates the bullish continuation pattern
Post-Results Reaction:
- Kirloskar Oil Engines shares settled slightly, trading at Rs 803.75, representing a 9.36% increase, while the BSE Sensex was up by 0.25%.
- The positive reaction to results indicates market confidence in the company's performance
Trade Setup:
Entry Strategy:
- Primary entry: ₹900-920 (current levels on any dip)
- Secondary entry: ₹880-890 (on pullback to support)
- Aggressive entry: ₹930-950 (on breakout above current resistance)
Entry Levels:
- Conservative traders: Wait for pullback to ₹880-890 support
- Moderate traders: Enter at current levels around ₹910-920
- Aggressive traders: Enter on a breakout above ₹950
Exit Strategy:
Target Levels:
- Target 1: ₹1,000 (8-10% upside)
- Target 2: ₹1,100 (18-20% upside)
- Target 3: ₹1,250 (35-40% upside)
- Ultimate target: ₹1,400+ (50%+ upside)
Exit Timing:
- Book 30% profits at Target 1
- Book 40% profits at Target 2
- Hold the remaining 30% for the ultimate target with a trailing stop loss
Risk Management:
Stop-Loss Levels:
- Conservative stop-loss: ₹850 (6-7% downside)
- Moderate stop-loss: ₹830 (8-9% downside)
- Aggressive stop-loss: ₹800 (11-12% downside)
Position Sizing:
- Risk per trade: Maximum 2% of portfolio
- Position size calculation: Portfolio value × 2% ÷ (Entry price - Stop loss)
- For ₹1,00,000 portfolio with entry at ₹910 and stop at ₹850: Position size = ₹2,000 ÷ ₹60 = 33 shares
Sectoral Backdrop:
Industrial Machinery Sector:
- The industrial machinery sector has been showing resilience amid economic recovery
- Infrastructure push by the government supports demand for engines and pumps
- Agricultural mechanization trends favour companies like NSE:KIRLOSENG
Market Position:
- The company caters to the agriculture, ... Clients (Marine, Defence, etc), After Sales Support, Retail Channel – Tractor spares, Oil, Batteries.
- Diversified revenue streams provide stability across economic cycles
Fundamental Backdrop:
Financial Performance:
- Netprofit is up for the last 2 quarters, 68 Cr → 127 Cr (in ₹)
- Revenue is up for the last 2 quarters, 1454 Cr → 1753 Cr (in ₹)
- As of 31-Mar-2025, Kirloskar Oil Engines has a trailing 12-month revenue of 6349 Cr
Market Valuation:
- Its current market cap is 13,289 Cr with 14.5 Cr shares.
- Stock is trading at 4.30 times its book value
- Promoter holding has decreased over the last 3 years: -18.3%
Growth Outlook:
- The B2B business grew 5 per cent year on year, and the B2C business also witnessed a double-digit growth of 14 per cent year on year
- Strong positioning in agriculture and industrial segments provides sustainable growth prospects
- The final dividend of Rs 4 per equity Share indicates management confidence
My Take:
Investment Rationale:
- Technical breakout supported by improving fundamentals
- Diversified business model reduces concentration risk
- Strong balance sheet with consistent profitability
- Attractive valuation after the recent correction from highs
The combination of technical breakout, improving fundamentals, and supportive sectoral trends makes NSE:KIRLOSENG an attractive investment opportunity for medium to long-term investors with appropriate risk management measures in place.
Keep in the Watchlist.
NO RECO. For Buy/Sell.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FOLLOW for more
👍BOOST if you found it useful.
✍️COMMENT below with your views.
Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback.
Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Motherson - Corrective Decline C in progressCMP: 150.3
TF: 45 Minutes
The impulse from 107.25 had ended at 162.25 (10th June) and the price has been in corrective mode since then.
In the corrective phase, the price has completed A and B legs already and C leg down has commenced now.
How far/deep this fall can go?
The conservative target A=C and channel bottom is at around 140; and the 50-61.8% fib retracement is at 135 and 128
AVWAP from the lows is at 142
Alt approach/view?
The price is still trading above 50 and 200 DEMA - In fact, the Golden Crossover has just happened.
Price is still trading above the cloud
Daily chart with Cloud, EMA and Fib is copied below
My Take: If you have a long bias, wait for the breakout above/beyond 165 for confirmation to get in. Or else, wait for the levels marked here for a low risk entry.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Gold (XAUUSD) | 4H Triangle Breakout SetupPrice is consolidating inside a symmetrical triangle with clear compression. We've just seen a breakout toward the upside, now testing a minor supply zone (3,355–3,365).
I'm watching two scenarios:
Bullish Case: Break and close above 3,393 confirms continuation toward 3,445–3,460 major supply.
Bearish Case: Rejection from 3,355–3,365 zone could send price back to 3,300 or even to the 3,180 demand zone.
Key Confluences:
Triangle breakout
Clean supply/demand zones
Price structure support below
Let’s see how price reacts.
#gold #xauusd #priceaction #supplydemand #orderblock #technicalanalysis #breakout #forex
Diogonal formation in nifyIt seems gradually diogonal foemarion is taking place in nifty.
it is expected to bounce from the lower trend line .
Another move expected for completion of 5 th wave
then we can get some correction.
After that correction over all trend remains bullish for the
rest of the year.
If this post helps you like this post.
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Breakout in Bansal WireBansal wire in a Symmetrical Triangle Breakout Setup.
The stock was in a consolidation for 7 months, Now a breakout with volume spurt.
Keep on your watchlist !
Breakout screener:
Symmetrical Triangle Breakout
RSI above 65 and rising
Trading above EMA50
Volume spurt
Disc: For study, not a recommendation. DYOR
Hindustan Unilever Limited (HINDUNILVR)Company: India's largest FMCG company with 50+ brands across 16 categories, market cap ₹5.92 lakh Cr, subsidiary of global giant Unilever with strong fundamentals.
Technical Pattern: Stock forming strong support zone around ₹2,500 levels after sharp correction from October highs of ₹3,035; horizontal support visible with potential reversal setup.
Key Levels: Critical support at ₹2,400-2,500, resistance at ₹2,650-2,700; break above ₹2,700 could target ₹2,850+, failure below ₹2,400 may test ₹2,200-2,300.
Fundamentals: Q4 FY25 profit up 3.6% YoY to ₹2,493 Cr, revenue ₹15,000 Cr; new CEO Priya Nair appointed from Aug 2025, strong brand portfolio with defensive FMCG characteristics.
Outlook: Blue-chip FMCG stock offering safety in volatile markets - good accumulation opportunity near support levels for long-term investors with 200 DMA as key resistance.
Disclaimer: This is for educational purposes only, not investment advice - consult your financial advisor before trading.
Nifty ready to Bounce As mentioned in Friday’s commentary — a gap-down was expected in NSE:NIFTY , and that’s exactly what we saw.
I highlighted that the gap-down could happen below 25285 — and the market opened at 25255.
A bounce was expected near 25333 — and the bounce actually came, up to 25322.
It was clearly stated that selling should be done on bounce — and from there, the market dropped nearly 180 points from the high.
In short — the analysis played out exactly as planned.
Now, since everything is moving as per plan, it would be incorrect to assume that the market has turned bearish.
The Nifty chart is simply indicating that due to the earnings season, institutional money is rotating from one set of stocks to another.
So, this is not a downtrend or a selloff — it’s just a basic quarterly rotation which mutual funds are required to do every quarter as part of their rule-book.
Funds are being booked from run-up or overbought stocks, and re-invested into undervalued stocks — stocks that are now setting up for a fresh move and belong to stronger indices or sectors.
✅Your focus should be on spotting such stocks and sectors early.
Now, coming to Friday’s Nifty candle — it’s showing a bullish hidden divergence.
Which means — there’s a high probability of a strong bounce.
However, there’s a caution: the first one hour of the market might remain sideways or slightly bearish.
So avoid early entries — wait for a clear bounce signal.
Let’s talk about the key technical levels:
Resistance: 25225 — once crossed, the next resistance is at 25350.
Support: 25125 — if this breaks, index may fall to 25071, and further to 24955 if pressure continues
The time-wise correction seems almost complete — and next week looks promising for a solid move.
Sector-wise, IPOs, Healthcare, FMCG, and Pharma are currently showing the most strength.
Speaking of NSE:BANKNIFTY — it has already shown the first sign of bounce by holding support at 56600. Immediate resistance is at 56900.
From today, you can start scanning for strong breakout stocks — like NSE:HPL
That’s all for today’s commentary.
Take care. Have a profitable tomorrow.
XAUUSD - 1H SHORT (GOLD)FOREXCOM:XAUUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!
EURUSD: are the bulls taking control?EURUSD is currently trading around 1.1691 and maintaining a bullish structure with consistently higher lows. On the H4 chart, a symmetrical triangle is forming, and price may break out toward the 1.1823 target if it can overcome the resistance trendline.
On the news front, the US dollar has weakened as the Fed has yet to provide a clear signal on rate cuts. Meanwhile, Eurozone economic sentiment is improving, supported by a slight uptick in manufacturing and services data. This reinforces the euro's recovery and keeps upward pressure on EURUSD.
If the 1.1660 support zone holds firm, the upcoming breakout could trigger a strong bullish move. Buyers are waiting for confirmation — are you in the game?
Gold .....Triangle pattern in the making ?Do you see what i see ?
Marked on the above chart are two triangular patterns which are identical in nature, one already formed and one in the making . if we break the sloping trend line on the upside, the targets mentioned is possible. stoploss for the trade will be the swing low of the structure which breaks the upper trend line. Plan your trade and then trade the plan.
This is just my view. Trade according to your risk management or consult your financial consultant before taking the trade.
Ramco Cement Break Out Strong Is This the Start of a New Rally?📉Technical View:
Ramco Cement Limited has formed a beautiful ascending triangle pattern with a strong resistance zone at ₹1080–₹1130, tested since 2021. Today, it broke out and hit a new all-time high of ₹1152, now hovering around ₹1140.
If the breakout holds, we may see:
🎯Target 1: ₹1200
🎯Target 2: ₹1240
🎯Target 3: ₹1300
If the stock falls back below ₹1030, the breakout becomes invalid.
💰Q4 FY24 Financial Highlights (vs Q3 FY24 & Q4 FY23)
Total Income: ₹2397 Cr (↑+21% vs ₹1983 Cr; ↓–10% vs ₹2678 Cr)
Total Expenses: ₹2078 Cr (↑+93% vs ₹1074 Cr; ↓–8% vs ₹2259 Cr)
Operating Profits: ₹319 Cr (↑+14% vs ₹279 Cr; ↓–24% vs ₹419 Cr)
Profit Before Tax: ₹46 Cr (↓–76% vs ₹191 Cr; ↓–74% vs ₹175 Cr)
Profit After Tax: ₹26 Cr (↓–86% vs ₹182 Cr; ↓–80% vs ₹129 Cr)
Diluted EPS: ₹1.16 (↓–85% vs ₹7.72; ↓–79% vs ₹5.46)
🧾Despite strong revenue growth and higher operating profits sequentially, sharp cost escalations impacted margins in Q4.
📈Fundamentals & Dividend Insights:
✅ Company continues with capacity expansion in East & South India.
✅ Focus on green energy & cost optimization to improve margin outlook.
💸 Dividend Declared (May 2025): ₹3.50 per share
📝Conclusion:
The breakout on charts is significant and supported by top-line improvement. If sustained, the stock may offer strong upside potential, making Ramco Cement one to watch closely.
Disclaimer: lnkd.in
#Nifty Weekly Analysis 14-07-25 to 18-07-25#Nifty Weekly Analysis 14-07-25 to 18-07-25
25000-25070 is the PRZ area which will act as major support for next week.
25420-25500 is the resistance for next week.
Option sellers can sell the range from 25000-25500 for next week.
Plan a long from support with confirmation in price action.
Short level is ONLY below 24900.
View: Trend is upside in weekly/daily TFs. Check for bullish reversal in 15 mins from support.
Watch Cartrade Tech for next weekCarTrade appears to be emerging from a period of consolidation and is now showing a clear technical breakout. The price action has pierced through a key resistance level, signaling a potentially powerful bullish move. Keep on your watchlist
Breakout screener:
Ascending Triangle Breakout Setup
RSI above 65 and rising
Trading above EMA50
Volume increasing
5+ months of consolidation
Disc: for study, not a recommendation. DYOR
Nifty July Iron Condor Strategy – Premiums are Still Attractive!Hello Traders!
After a strong April, May and June where all three our option writing strategies gave full profits, we are back again with the July edition. Market is respecting the range beautifully, and we are again going with a non-directional Iron Condor setup.
Let’s walk through the logic and setup, based on the recent chart and market behaviour.
Why This Strategy Now? (Based on Chart Analysis)
Resistance Zone: 25,667–26,267 (two-layer zone, minor and major resistance)
Support Zone: 24,240–24,892 (50-DEMA tested, strong support)
Nifty is hovering inside the range – no clear trend, perfect for sideways strategy
MACD has given bearish crossover – adds pressure on upside
Strategy Setup (Iron Condor – 31st July Monthly Expiry)
Sell 24900 PE (2 lots)
Buy 24500 PE (2 lots)
Sell 25500 CE (2 lots)
Buy 25800 CE (2 lots)
Payoff Graph for Strategy:
Why This Works (Logic + Technical View)
Strategy revolves around the 24,750–25,650 zone where Nifty is stuck
Support well aligned to 50-DEMA at 24,892 and 24,240 (intermediate support)
Volatility is neutral, data is range-bound – ideal environment for iron condor writers
No major events or newsflow – market likely to stay inside band
Risk Management & Exit Points
Exit if Nifty gives a clean breakout above 25,700 or breakdown below 24,250
If strategy gives 40–50% max profit early, consider booking
Always keep an eye on VIX and OI buildup for major trend shifts
Rahul's Tip
This strategy has worked beautifully for last 3 months. If you’ve been with me, you know how well Iron Condors can work when market ranges. So we ride the same logic again, until the breakout comes.
Once again – this is a low risk, range-bound iron condor setup with good risk-to-reward.
Have you ever tried a short iron condor on NIFTY? What was your experience? Drop your thoughts below!
If you liked this post, don’t forget to LIKE and FOLLOW!
Regular updates coming with chart tracking, P&L changes and smart exits.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
Delta Neutral Strategy – How Pros Make Money Without Direction!Hello Traders!
Most traders believe profits only come from predicting market direction. But professionals know a secret: you don’t always need to predict — you can neutralise! Today’s post is about the powerful Delta Neutral Strategy , a technique used by institutions and smart option writers to earn consistently even in sideways or uncertain markets.
What is a Delta Neutral Strategy?
It’s a position where the overall delta (directional exposure) of your trades is zero . That means, whether the market goes slightly up or down, your position stays unaffected — and you focus on time decay (theta) or volatility crush (vega) to generate profits.
Why Pros Love Delta Neutral Trades
No Need to Predict Direction: You’re not betting on bullish or bearish trends — you profit from time and volatility.
Ideal for Range-Bound Markets: When markets are consolidating, delta neutral setups thrive.
Lower Risk, Higher Consistency: With proper hedging, these setups offer smoother equity curves and capital protection.
Scalable Strategy: Institutions run massive delta-neutral books — it’s a proven method for large funds.
Popular Delta Neutral Setups
Short Straddles & Strangles: Collect premium from both Call and Put options — best for low volatility or strong resistance/support zones.
Iron Condor: A defined-risk variation that profits in a narrow range, great for weekly expiry strategies.
Calendar Spreads: Benefit from time decay differences between near and far expiry options.
Risk Management is Key!
Delta neutral doesn’t mean zero risk. Use proper stop-loss, position sizing, and adjustment techniques to control loss during trending moves or volatility spikes.
Rahul’s Tip
“Neutral is powerful — when used right.” Mastering delta-neutral trading can unlock consistent profits without playing guessing games on direction. Just let the premiums work in your favour!
Conclusion
The Delta Neutral Strategy is not just for pros — even retail traders can learn it and build a consistent, low-stress income model. If you’re tired of predicting every move, maybe it’s time to shift to a strategy where direction doesn’t matter — risk management does .
Have you tried delta-neutral trades before? Please share your experience below and let’s grow together!
Nifty 50 at a Turning Point? Key Levels & Market Outlook AheadThe Nifty 50 ended the week at 25,149.85, posting a loss of -1.22%. The index is now approaching a critical price action zone which could define the direction in the upcoming sessions.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
25,070 to 25,230—This is a crucial range to monitor for potential trend reversals or continuation. A breakout or breakdown from this zone can set the tone for the week.
🔻 Support Levels:
S1: 24,835
S2: 24,520
S3: 24,164
🔺 Resistance Levels:
R1: 25,469
R2: 25,788
R3: 26,256
📈 Market Outlook
✅ Bullish Scenario:
A sustained move above 25,230 (top of the pivot zone) may invite buying interest. If momentum continues, the index could test R1 (25,469) and possibly extend towards R2 (25,788) and R3 (26,256).
❌ Bearish Scenario:
Failure to hold the pivot zone and a breakdown below 25,070 could trigger further downside. The index may slide towards S1 (24,835) and deeper supports at S2 (24,520) and S3 (24,164).
Disclaimer: lnkd.in