nifty50 Analysis | be careful from trap

240
Market Outlook

Support Zone: 24,550 – 24,400

Resistance Levels: 24,750 – 24,790 and 24,960 – 24,990

A falling wedge pattern is currently forming just above the support zone. The key level to watch is 24,590, as a sweep of this low appears likely. However, before a potential breakdown, price may first retest the immediate resistance area and face rejection, leading back toward the support zone.
Nota
as per the pattern price claimed the resistance and consolidating above resistance chance of down support area is open also upside upto 2nd resistance is open

Penafian

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