NIFTY – Price Returns to Structure as Budget ApproachesThis is a structural pullback within a well-defined rising channel, not a random fall.
Price has respected this channel multiple times in the past, and the current move is a return toward the lower trendline support, which has historically acted as a demand zone.
Such pullbacks are normal and healthy in trending markets. They help reset sentiment, shake out weak hands, and rebuild structure before the next directional move.
The Union Budget is approaching, which naturally increases volatility and uncertainty. During such events, markets often move first and explain later. That’s why reacting is more important than predicting here.
If price holds and stabilizes near this trend support, it keeps the broader trend intact and opens the door for continuation once clarity returns.
If the structure fails decisively, the chart itself will signal that—no assumptions needed.
For now, this is a wait-and-watch zone, where patience, structure, and price behavior matter more than opinions or headlines.
