NIFTY 50 – Intraday level 15min TF

5 days ago

NIFTY 50 – Gap Resistance Test After Falling Wedge Breakout

Timeframe: 15 min

📌 Key Observations:

• Falling wedge pattern formed over the last few sessions, followed by a clean breakout with rising volume.
  
• Price has now rallied toward the gap resistance zone near 24,880–24,900, where supply previously stepped in.
  
• 24,750 is acting as immediate support — the level from where the breakout initiated.
  
• Next resistance to watch is 25,138, which aligns with a previous structure zone.
  

📈 Trading Plan:

✅ Bullish if:

• Price sustains above the 24,880–24,900 gap resistance
  
• Then potential upside towards 25,050 / 25,138
  

⚠️ Caution if:

• Price gets rejected at the gap resistance
  
• Watch for pullback retest around 24,750
  

🔍 Sentiment:
Short-term recovery is in play after a prolonged downtrend, but the current zone is a make-or-break resistance.

2 days ago

Trade active

Price moved 150 points from 24750 after pullback, SL: 24750 closing below DCB.