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Nifty50

NIFTY 50 – Short Technical View

1 month ago

NIFTY formed a rising wedge pattern and has now given a support trendline breakdown, indicating weakening bullish momentum. After the breakdown, selling pressure has emerged and bias turns negative.

Bias: Bearish
Downside Level: 25,650
Invalidation Level: 25,725
Approach: Sell on rise while price sustains below the invalidation level.

View remains negative unless market sustains above 25,725.

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Posted by

RAVINTHAR PRADEEP

Moderator

1 month ago

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