Nifty 50 Index 22124.70 by Daily Chart view: Different ViewpointNifty 50 Index 22124.70 by the Daily Chart view - Different Viewpoint
A different point of view for the Nifty 50 Index Technical Chart Setup Analysis. This is solely and purely my personal perspective for the Bearish Head & Shoulders pattern's. I will be happy to welcome and get your fine line pointers for the improvement on the Technical Analysis for this Chart Setup. Thank you in advance to One and All.
The 1st H&S Bottom is broken down and now need to look forward, if ..... Nifty 50 Index touches the 2nd H&S Bottom or takes an early reversal ..... Hope for the best to happen and keeping fingers crossed. God Bless All.
Nifty50technicalanalysis
Nifty 50 spot 22124.70 by the Daily Chart viewJust sharing an update in continuation over the last week Nifty 50 Index chart data reading.
Nifty 50 spot 22124.70 by the Daily Chart view
- Next Support Zone at 21485 to 21710 Level
- Gap Down Openings of 24-Feb-2025 and 28-Feb-2025 would need to be closed
Nifty 50 spot 22795.90 by the Daily Chart viewNifty 50 spot 22795.90 by the Daily Chart view
- Nifty 50 Index 22775 to 22950 Support Band is yet sustained
- Long shot deep Support Zone seen at 22125 to 22350 which for now seems bit (un)likely by current technical chart status setup
- Just a flag to highlight : Nifty Index had dipped up to 22720 in recent past few days and similar levels was Resistance Level in April 2024 for 23K Index target
- Few of the Gap Ups and Gap Down openings, yet are remaining to get closed and filled in below the Old Long Shot Support Zone at 22125 to 22350 for Nifty Index levels
Nifty 50 Index spot 22929.25 by Monthly Chart viewNifty 50 Index spot 22929.25 by Monthly Chart view
- Nifty 50 Index trending along the Rising Support Trendline 4th time over since March 2020.
- Support point starting March 2020, next in March 2023 followed in Nov 2023 and now in Feb 2025.
- *What can we anticipate and can we hope for some upside reversal from here ????*
Nifty 50 spot 24556.00 by Hourly Chart viewNifty 50 spot 24556.00 by Hourly Chart view
- Intermediate Support Zone 24475 to 24525
- Resistance Zone 24750 to 24885 Price Band may become a Support Zone
- The Next Support Zone seen at 24300 to 24375 Price Band acting as H&S neckline
- Resistance Zone 24750 to 24885 Price Band needs to be crossed, closure sustained above it for continued upwards bullish transition
Nifty 50 spot 24781.30 by Hourly Chart viewNifty 50 spot 24781.30 by Hourly Chart view
- Intermediate Support Zone 24475 to 24525
- Resistance Zone 24750 to 24885 Price Band may become a Support Zone
- The Next Support Zone seen at 24300 to 24375 Price Band acting as H&S neckline
- Resistance Zone 24750 to 24885 Price Band needs to be crossed, closure sustained above it for continued upwards bullish transition