Chart Timeframe & Context
Index: Nifty 50 (NSE)
Timeframe: 30-minute chart
Date/Time: June 26, 2025
Current Price: ₹25,530.40
Change: -11.70 (-0.05%)
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🧩 Key Observations
1. Rising Wedge / Ascending Channel
The current price action is within an ascending channel, which typically suggests bullish momentum.
However, a bearish red arrow is drawn, indicating potential for a reversal after reaching the upper boundary.
The price is nearing channel resistance and a horizontal resistance zone (around ₹25,550–₹25,600), suggesting exhaustion.
2. Historical Consolidation Patterns
Multiple triangle and wedge formations have been marked previously:
Green triangle zones show accumulation/consolidation before breakouts.
These are generally bullish continuation patterns, which played out successfully.
The breakouts from these zones led to significant upward movement.
3. Support Zones
Major support lies near ₹24,400–₹24,600 (highlighted green box).
Another minor horizontal support appears around ₹25,000–₹25,100.
Rising trendlines from previous lows also intersect near this region, acting as confluence support.
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🔄 Potential Scenarios
📉 Bearish Case (Likely Based on Chart Indication):
Price hits resistance zone (~₹25,600) and reverses as suggested by the red arrow.
Possible pullback targets:
₹25,100 (minor support)
₹24,800 (trendline and horizontal confluence)
₹24,400 (major support zone)
Index: Nifty 50 (NSE)
Timeframe: 30-minute chart
Date/Time: June 26, 2025
Current Price: ₹25,530.40
Change: -11.70 (-0.05%)
---
🧩 Key Observations
1. Rising Wedge / Ascending Channel
The current price action is within an ascending channel, which typically suggests bullish momentum.
However, a bearish red arrow is drawn, indicating potential for a reversal after reaching the upper boundary.
The price is nearing channel resistance and a horizontal resistance zone (around ₹25,550–₹25,600), suggesting exhaustion.
2. Historical Consolidation Patterns
Multiple triangle and wedge formations have been marked previously:
Green triangle zones show accumulation/consolidation before breakouts.
These are generally bullish continuation patterns, which played out successfully.
The breakouts from these zones led to significant upward movement.
3. Support Zones
Major support lies near ₹24,400–₹24,600 (highlighted green box).
Another minor horizontal support appears around ₹25,000–₹25,100.
Rising trendlines from previous lows also intersect near this region, acting as confluence support.
---
🔄 Potential Scenarios
📉 Bearish Case (Likely Based on Chart Indication):
Price hits resistance zone (~₹25,600) and reverses as suggested by the red arrow.
Possible pullback targets:
₹25,100 (minor support)
₹24,800 (trendline and horizontal confluence)
₹24,400 (major support zone)
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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.
Join telegram channel free ..
t.me/+zOlIssFOXrtlNWE0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/+zOlIssFOXrtlNWE0
t.me/+zOlIssFOXrtlNWE0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/+zOlIssFOXrtlNWE0
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.