NIFTY 50 analysis as per your attached chart (15-min timeframe):

20 Ogo

1. Chart Structure
A Harmonic Pattern has completed near the recent highs, aligning with a Triple Top formation.
Triple top + harmonic completion zone = strong reversal probability.
The market has tested 25,050–25,100 zone multiple times but failed to sustain higher.
Key annotation on chart: “Below 24,900 market will come down.”
2. Key Technical Levels
Immediate Resistance: 25,050 – 25,100 (triple top / harmonic completion zone)
Immediate Support: 24,900 (neckline of triple top)
Breakdown Confirmation: Close below 24,900
Downside Targets:
First: 24,750
Next: 24,500
Extended: 24,200 if selling accelerates
Invalidation: A sustained breakout above 25,100 would negate bearish setup → market could extend toward 25,250–25,300.
3. Pattern Implications
Harmonic Completion: Suggests reversal zone has already been hit.
Triple Top: Classic bearish reversal structure → neckline support at 24,900 is crucial.
Momentum: Weakening near highs, multiple failures to break out = distribution.
4. Trade Outlook
Bias: Bearish (setup is strong if 24,900 breaks)
Entry Zone: Short below 24,900 with confirmation candle (15-min close)
Target Zone: 24,750 → 24,500 → 24,200
Stop Loss: Above 25,100
Risk–Reward: Attractive (R:R approx. 1:3).
5. Conclusion
NIFTY is forming a high-probability reversal setup with Harmonic + Triple Top near 25,050–25,100.
A breakdown below 24,900 will trigger sharp downside momentum, first to 24,750 then 24,500.
Bias remains bearish until 25,100 is decisively broken.
Rating: 9/10 bearish setup
Position Type: Short (index futures/options)



⚠️ Disclaimer:
This analysis is for educational purposes only and not investment advice. Trading involves significant risk. Please consult your financial advisor before making trading decisions.

29 Ogo

Dagangan ditutup: sasaran tercapai