Price_actiontaker14

Price_actiontaker14

1. **Rising Wedge Breakdown:** * The index had been trading in a **rising wedge** pattern (purple converging lines). * A **bearish breakdown** has occurred, suggesting potential for further downside. * The price broke below the lower trendline with strong red candles and rising volume, validating the bearish move. 2. **Bear Flag Breakdown:** * A...

Price_actiontaker14

**Support Zone (Red Rectangle)**: * Strong support between ₹24,290 – ₹24,340. * Multiple price bounces have occurred here, indicating demand presence. **Resistance Levels**: * **Immediate resistance**: ₹24,409.65 (horizontal red line) * **Next resistance**: ₹24,494.45 **Support Levels**: * **Immediate support**: ₹24,290 * **Next support**:...

Price_actiontaker14

* A **rising wedge** pattern is clearly forming, marked by two upward sloping blue trendlines. * Inside this wedge: * Multiple **price swings** (higher highs and higher lows) are visible. * Recent breakout attempts are marked with zig-zag arrows showing potential breakout direction 📈 **Bullish Signals:** 1. **Strong Uptrend:** * A sustained rally from \~23,000 up...

Price_actiontaker14

Key Support & Resistance Zones: Resistance Zone (Top of range): Around 55,400. Support Zone (Bottom of range): Around 55,000. Next Major Support below the range: 54,500 ( Immediate Support) 52,700 ( Trenline Support) 52,129 (Horizontal Trenline Support) Trendlines: The chart shows a strong ascending trendline from earlier lows.(yellow coloured trendline) But...