Nifty 50 | 125m | Technical Outlook
Price is forming a descending triangle/flag structure after the recent swing high near 24,600. RSI showing bullish divergence at oversold levels — PA confirmation still awaited.
🔑 Key Levels:
• Resistance: 24,031 | 24,600 | 25,250 | 25,600 | 26,100
• Support: 23,153 | 22,780
• Current: 23,921
📌 Trade Setups:
• Aggressive: Breakout above 24,031 → targets daily flag pattern levels
• Conservative: Sustained move above 24,600 → target 27,000
• Invalidation: Close below 23,636
RSI divergence building but needs price action confirmation before entry. Patience is key.
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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.
