Nifty 50 spot 25114 by Daily Chart view - Weekly Update
- Rising Support Channel seems back in positive action mode
- Resistance Zone 24900 to 25150 of Nifty Index Breakout attempted
- Falling Resistance Trendline in place but Resistance Channel Breakout attempted
- Bearish Rounding Top pattern by the Resistance zone neckline to see breakout over the next week
- Bullish "W" with Double Bottom formed below Support Zone, seems instrumental for uptrend momentum
- Support Zone seen at 24450 to 24700 of Nifty Index gained strength by the weekly closure above the 25000 index level
- Rising Support Channel seems back in positive action mode
- Resistance Zone 24900 to 25150 of Nifty Index Breakout attempted
- Falling Resistance Trendline in place but Resistance Channel Breakout attempted
- Bearish Rounding Top pattern by the Resistance zone neckline to see breakout over the next week
- Bullish "W" with Double Bottom formed below Support Zone, seems instrumental for uptrend momentum
- Support Zone seen at 24450 to 24700 of Nifty Index gained strength by the weekly closure above the 25000 index level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.