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Indexes

Nifty 50 spot 25722.10 by the Daily Chart view - Weekly UpdateNifty 50 spot 25722.10 by the Daily Chart view - Weekly Update - Support Zone 25430 to 25670 for Nifty Index - Rising Support Trendline seems in active mode but may be broken - Nifty below Resistance Zone but taking rest tad above the Support Zone - Resistance Zone 25875 to 26060 and then 26200 to ATH 26277.35 for Nifty Index - Bullish Rounding Bottoms seems active but continued skepticism keeping the Nifty index weak - The final hurdle ATH crossover still stands ground and Nifty shying away from New Lifetime High creation
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 spot 25795.15 by Daily Chart view - Weekly updateNifty 50 spot 25795.15 by Daily Chart view - Weekly update - Support Zone 25430 to 25670 for Nifty Index - Rising Support Channel stayed grounded by continued supportive role - Falling Resistance Trendline and Resistance Channel Breakout well sustained - Resistance Zone 25875 to 26060 and then 26200 to ATH 26277.35 for Nifty Index - The final hurdles stand firm grounds and is yet untimely to get to see a New Lifetime High created - Nifty Index earlier shied away to cross the 25K level and now acting likewise to breach the ATH 26277.35 mark
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 spot 25709.85 by the Daily Chart view - Weekly updateNifty 50 spot 25709.85 by the Daily Chart view - Weekly update - [ b]Nifty Index now just 567.50 points away from ATH 26277.35 for creating a New Lifetime High Milestone - Resistance Zone 25875 to 26060 and then 26200 to ATH 26277.35 for Nifty Index - The final hurdle step to cross over before we get to see a New Lifetime High creation - Both Falling Resistance Trendline and Resistance Channel Breakout seem well sustained - Current Support Zone 25430 to 25670 for Nifty Index was earlier a Strong Resistance Zone - Rising Support Channel has stayed firmly grounded by providing the continued supportive role - Bullish Technical patterns Double Bottom "W" followed by Rounding Bottom formed by Support Zone neckline
NSE:NIFTY
by PIYUSHCHAVDA
Bank Nifty spot 57713.35 by the Daily Chart view- Weekly updateBank Nifty spot 57713.35 by the Daily Chart view- Weekly update - Bank Nifty created a New Lifetime High Milestone touching 57830.20 - Resistance Zone 56950 to 57350 then ATH 57628.40 for Bank Nifty - Falling Resistance Trendline Breakout seems to be well sustained for now - Rising Support Channel stood ground and providing steady positive support - Current Support Zone 56950 to 57350 for Bank Nifty was earlier the Resistance Zone - Bullish Rising W pattern done and has been well sustained by current trending momentum - Bullish Rounding Bottom formed by Support Zone neckline inclusive of W pattern actively effective
NSE:BANKNIFTY
by PIYUSHCHAVDA
Nifty 50 spot 25285.35 by the Daily Chart view - Weekly updateNifty 50 spot 25285.35 by the Daily Chart view - Weekly update - Support Zone 24875 to 25135 for Nifty Index earlier Resistance Zone - Rising Support Channel stayed grounded by continued supportive role - Strong rejection observed at 25430 to 25670 Resistance Zone for Nifty Index - Falling Resistance Trendline stands ground and Resistance Channel Breakout seems sustained - Bullish Technical patterns of "W" Double Bottom followed by Rounding Bottom formed around Support Zone
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 spot 24894.25 by Daily Chart view - Weekly updateNifty 50 spot 24894.25 by Daily Chart view - Weekly update - Support Zone 24325 to 24500 for Nifty Index remains active - Rising Support Channel playing hide and seek for continued supportive role - Strong rejection observed at 25430 to 25670 Resistance Zone for Nifty Index - Current Resistance Zone 24875 to 25135 of Nifty Index remains an active hurdle - Falling Resistance Trendline and Resistance Channel are still playing out pretty strongly - Bearish Rounding Top scenario effect seems been negated by upswing over the past 2 days
NSE:NIFTY
by PIYUSHCHAVDA
Bank Nifty spot 54389.35 by Daily Chart view - Weekly updateBank Nifty spot 54389.35 by Daily Chart view - Weekly update - Minor Gap Down of Friday would need closure - Resistance Zone 55125 to 55775 for Bank Nifty - Bearish Rounding Top has made again at Support Zone neckline - Rising Support Channel thou standing positive may break by weakness - Support Zone 53775 to 54450 may get tested for Bank Nifty by ongoing weakness - Resistance Zone seems holding ground and the Bank Nifty will need time to make a breakout
NSE:BANKNIFTY
by PIYUSHCHAVDA
2
BANKNIFTY Descending Channel Breakout Alert – Targeting 57450+The chart displays a descending channel breakout in the Bank Nifty Index on the daily timeframe. After months of consolidation between a downward sloping resistance and support trendline, a strong breakout has been observed. 🔺 Resistance Zone (Red Channel) Multiple rejections along the red downward sloping trendline marked as Resistance. The breakout candle has successfully closed above this zone, confirming a bullish breakout. 🔻 Support Zone (Green Channel) Historically strong buying zones identified at the green support trendline. Each dip toward this line was followed by a bullish move. 📈 Breakout Confirmation The price has broken out of the resistance channel, and the breakout zone is highlighted with a black circle. The pattern height is used to estimate potential upside targets post-breakout. 🎯 Target Levels Post-Breakout Initial Target: 53,950+ Next Target: 55,450+ Projected Final Target: 57,450+ (Calculated by adding the pattern height to the breakout level) 🛑 Stop Loss Strategy A strict stop loss is placed below 51,450, to manage risk in case the breakout fails.
NSE:BANKNIFTYLong
by TradZoo