NIFTY: Ascending Triangle Breakout In Play

Technical Outlook:

CMP: 24,973

📍 Immediate Support Zone: 24,858 – 24,768
📍 Strong Support Zone: 24,363 – 24,329

📍 Immediate Resistance Zone: 25,083 – 25,255 (Clustered zone)
📍 Strong Resistance Zones:
• 25,638 – 25,669
• 26,216 – 26,277 (All-Time High vicinity)

📈 Breakout Alerts:

✅ W-Pattern Breakout above 25,154 (Daily Candle Basis)
🎯 Target: 26,000

✅ Ascending Triangle Breakout above 24,972.50 (Confirmed on Closing Basis today)
🎯 Target: 26,304 – aligning closely with the ATH of 26,277.35

Conclusion:
With two bullish patterns triggering nearly simultaneously, momentum is building. A sustained move above the immediate resistance cluster could fuel a rally towards uncharted territory.

Watch 25,154 and 25,255 – a clean move above could be the gateway to new all-time highs.

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