Nifty50 Crashes from Highs – Watch These Fibonacci Zones This Week ⚠📉
Nifty50 recently broke down from the 23,870 highs and is now trading in a corrective phase. I’ve plotted the Fibonacci retracement zones using AutoFibGauge on the 4H chart to identify the key support levels for this week.
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Updated Fibonacci Levels:
• 23,538 – 23.6% Fib
• 23,134 – 38.2% Fib (Being tested now)
• 22,820 – 50% retracement
• 22,506 – 61.8% Golden Zone 🟡
• 21,466 – 100% retracement (March low)
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Outlook:
• As long as Nifty holds above 23,134, bulls may attempt a bounce.
• If it breaks below this zone, we could see a deeper drop toward 22,820 – 22,506, which is a high-probability bounce zone for swing traders.
• If 22,506 fails, then 21,466 becomes the key support to watch.
Using QMA helps track trend shifts within these levels — currently, momentum is bearish, so I’m watching the Golden Pocket closely for reaction.
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Tap LIKE ❤ & FOLLOW ➕ for weekly Nifty outlooks and real strategy ideas.
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#Nifty50 #Nifty #Fibonacci #AutoFibGauge #QMA #PriceAction #Correction #TechnicalAnalysis #IndexTrading #StockMarketIndia
Nifty50 recently broke down from the 23,870 highs and is now trading in a corrective phase. I’ve plotted the Fibonacci retracement zones using AutoFibGauge on the 4H chart to identify the key support levels for this week.
⸻
Updated Fibonacci Levels:
• 23,538 – 23.6% Fib
• 23,134 – 38.2% Fib (Being tested now)
• 22,820 – 50% retracement
• 22,506 – 61.8% Golden Zone 🟡
• 21,466 – 100% retracement (March low)
⸻
Outlook:
• As long as Nifty holds above 23,134, bulls may attempt a bounce.
• If it breaks below this zone, we could see a deeper drop toward 22,820 – 22,506, which is a high-probability bounce zone for swing traders.
• If 22,506 fails, then 21,466 becomes the key support to watch.
Using QMA helps track trend shifts within these levels — currently, momentum is bearish, so I’m watching the Golden Pocket closely for reaction.
⸻
Tap LIKE ❤ & FOLLOW ➕ for weekly Nifty outlooks and real strategy ideas.
⸻
#Nifty50 #Nifty #Fibonacci #AutoFibGauge #QMA #PriceAction #Correction #TechnicalAnalysis #IndexTrading #StockMarketIndia
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.