The analysis of the GIFT NIFTY 50 Index Futures (4H timeframe) chart:
🔷 *Tools & Indicators Used:*
1. *Resistance Area (Top Blue Box):*
* Horizontal resistance zone marked around *25,000 - 25,300*.
* Expected as the final upside target zone.
2. *Support Area (Bottom Blue Box):*
* Strong historical support around *22,200 - 22,600*.
* Previous demand area where price bounced.
3. *Ascending Trendline:*
* An uptrend line connecting higher lows, indicating bullish market structure.
4. *FVG (Fair Value Gap):*
* Highlighted *imbalanced area near 23,800 - 24,200*.
* Possible retracement area before bullish continuation.
5. *Projection Arrows:*
* Green arrow indicating expected *bullish continuation towards resistance area*.
* Smaller “W” corrective pattern drawn, suggesting a pullback before resuming upside.
6. *Price Measurement Tools (Boxes):*
* Measurement boxes showing previous impulsive bullish moves in points & percentage (e.g., 1,308 points, 5.65%).
7. *RSI Indicator (Below Price Chart):*
* RSI currently near *55.87*, showing moderate bullish momentum but with potential for further upside.
8. *Dynamic Bands (Red & Green Lines):*
* Likely *Keltner Channel or custom moving averages* for dynamic trend guidance.
🔷 *Target Clarification:*
* *Primary Bullish Target:* Around *25,200 - 25,300* (Resistance Zone).
* The chart suggests a continuation of the bullish trend after a minor correction (pullback to FVG or trendline support).
* Final leg of the move could be around *1,277 points (5.21%)* from the breakout.
🔷 *Summary Insight:*
* The structure is bullish with higher highs & higher lows.
* Anticipated move: Minor pullback into the Fair Value Gap (FVG) zone, followed by a bullish rally towards *25,200 - 25,300*.
* RSI supports further upside as long as the trendline holds.
Would you like me to give you an *Entry | Stop Loss | Target trading plan for this NIFTY setup?*
Reply with "Yes, NIFTY trade setup" if you'd like.
🔷 *Tools & Indicators Used:*
1. *Resistance Area (Top Blue Box):*
* Horizontal resistance zone marked around *25,000 - 25,300*.
* Expected as the final upside target zone.
2. *Support Area (Bottom Blue Box):*
* Strong historical support around *22,200 - 22,600*.
* Previous demand area where price bounced.
3. *Ascending Trendline:*
* An uptrend line connecting higher lows, indicating bullish market structure.
4. *FVG (Fair Value Gap):*
* Highlighted *imbalanced area near 23,800 - 24,200*.
* Possible retracement area before bullish continuation.
5. *Projection Arrows:*
* Green arrow indicating expected *bullish continuation towards resistance area*.
* Smaller “W” corrective pattern drawn, suggesting a pullback before resuming upside.
6. *Price Measurement Tools (Boxes):*
* Measurement boxes showing previous impulsive bullish moves in points & percentage (e.g., 1,308 points, 5.65%).
7. *RSI Indicator (Below Price Chart):*
* RSI currently near *55.87*, showing moderate bullish momentum but with potential for further upside.
8. *Dynamic Bands (Red & Green Lines):*
* Likely *Keltner Channel or custom moving averages* for dynamic trend guidance.
🔷 *Target Clarification:*
* *Primary Bullish Target:* Around *25,200 - 25,300* (Resistance Zone).
* The chart suggests a continuation of the bullish trend after a minor correction (pullback to FVG or trendline support).
* Final leg of the move could be around *1,277 points (5.21%)* from the breakout.
🔷 *Summary Insight:*
* The structure is bullish with higher highs & higher lows.
* Anticipated move: Minor pullback into the Fair Value Gap (FVG) zone, followed by a bullish rally towards *25,200 - 25,300*.
* RSI supports further upside as long as the trendline holds.
Would you like me to give you an *Entry | Stop Loss | Target trading plan for this NIFTY setup?*
Reply with "Yes, NIFTY trade setup" if you'd like.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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.