Nifty 50 - Symmetrical Triangle Breakout WatchNifty is currently consolidating within a symmetrical triangle pattern on the 1-hour chart. Price is respecting both the rising support and descending resistance trendlines.
Key observations:
Clear higher lows indicate underlying bullish pressure.
Lower highs show selling pressure near resistance.
Expecting a possible pullback toward the lower trendline before a potential breakout to the upside.
Trade Plan (if breakout occurs):
📈 Bullish breakout above the upper trendline could lead to a sharp rally.
✅ Confirmation needed with strong volume and candle close above resistance.
Invalid if price breaks below the support trendline.
Stay alert for a breakout or breakdown — both scenarios possible, but current structure slightly favors bulls.
