NIFTY 50 – Bullish Flag Formation | Continuation Pattern in PlayNIFTY 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.
