Nifty 50 Index
Long

Nifty gearing up for ATH !!!

65

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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