📉 Nifty Outlook – Breakdown After Failed Retest
Nifty tried to retest the breakout zone of 25,150–25,250, but failed to hold above it. This rejection has shifted the structure towards weakness, and the index may now revisit crucial lower levels.
🔴 Failed Retest – A Bearish Signal
The zone of 25,150–25,250 was earlier acting as a breakout area. A successful retest would have confirmed strength for higher levels. However, Nifty failed to sustain, which indicates that buyers are losing control near this resistance.
📉 Next Support – Trendline Breakout Zone
The immediate support lies in the 24,900–24,800 band, which coincides with the earlier trendline breakout zone. If Nifty can stabilize here, a short-term bounce may still be possible.
⚠️ Deeper Downside Risk
If the 24,900–24,800 zone is broken on the downside, then the structure opens up for a deeper correction. In such a case, levels of 24,500–24,300 become very much possible in the coming sessions.
✅ Summary
Resistance rejected at 25,150–25,250
Weakness likely unless Nifty reclaims this zone
Supports at 24,900–24,800, below which 24,500–24,300 may come into play.
Nifty tried to retest the breakout zone of 25,150–25,250, but failed to hold above it. This rejection has shifted the structure towards weakness, and the index may now revisit crucial lower levels.
🔴 Failed Retest – A Bearish Signal
The zone of 25,150–25,250 was earlier acting as a breakout area. A successful retest would have confirmed strength for higher levels. However, Nifty failed to sustain, which indicates that buyers are losing control near this resistance.
📉 Next Support – Trendline Breakout Zone
The immediate support lies in the 24,900–24,800 band, which coincides with the earlier trendline breakout zone. If Nifty can stabilize here, a short-term bounce may still be possible.
⚠️ Deeper Downside Risk
If the 24,900–24,800 zone is broken on the downside, then the structure opens up for a deeper correction. In such a case, levels of 24,500–24,300 become very much possible in the coming sessions.
✅ Summary
Resistance rejected at 25,150–25,250
Weakness likely unless Nifty reclaims this zone
Supports at 24,900–24,800, below which 24,500–24,300 may come into play.
منشورات ذات صلة
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.