Nifty50 - 4th November 2025 TrendHi everyone, I’m still learning technical analysis, but I wanted to share my observation and get your views.
Multi-Year Channel (2020–2025):
Nifty has been moving steadily inside a long-term rising channel since 2020.
The current price is below the median, but the trend suggests it’s trying to retest the median line.
Based on the current pace, this retest could happen around October 20th–28th expiry — if the recent short-term momentum continues.
Short-Term Channel (Aug–Oct 2025):
The recent trend (from August to mid-October) is also forming a smaller upward channel within the broader structure.
This local channel points toward a potential test of 25,700 / 25,800 / 26,000, which aligns perfectly with the multi-year median zone.
Possible Scenario:
If Nifty reaches 25,700–26,000 and fails to sustain above it, a short-term reversal looks probable.
The downside levels to watch could be around the Bollinger Band median near 25,100, or even 24,900, based on the short-term channel support.
Indicators:
RSI is near 70 and Stoch RSI around 90–100, showing overbought conditions.
Price is at the upper Bollinger Band and near trendline resistance — suggesting possible exhaustion unless a strong breakout happens.
I’d love to hear your thoughts — does this setup look valid or am I missing something?
