Strong Base Formed ! Nifty Positioned for Explosive Move

This is the daily timeframe chart of Nifty 50.

Nifty 50 is sustaining above the LOP support zone around 24,400–24,500. The index has formed an ascending broadening wedge pattern at this support and appears to be completing the last leg of the structure.

Support Zone: 24,500–24,550
Resistance Zone: 25,600–25,800

If the support zone holds, we may see higher prices in Nifty 50 in the coming sessions.

Thank you.