NIFTY 50 Index (2H timeframe) ..

4 hari lalu

NIFTY 50 Index (2H timeframe)

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Current Market Context

Instrument: NIFTY 50 Index (NSE)

Current Price: ~24,709

Trend: Recently bounced from a support zone after a downtrend.

Indicators: Price is trying to recover above the Ichimoku cloud and has broken a short-term descending trendline.



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Targets Marked on my Chart

1. First Target Zone: 25,150 – 25,200

This is the immediate resistance / supply zone.

Likely to be tested first on bullish continuation.



2. Second Target Zone: 25,550 – 25,600

This is the extended bullish target.

It aligns with the next major resistance zone marked in your chart.





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Trade Idea

Entry Zone: Around 24,700 – 24,750 (current levels).

Take Profit 1: ~25,150 – 25,200.

Take Profit 2: ~25,550 – 25,600.

Stop Loss: Below recent swing low (~24,500).



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⚠ Note: NIFTY moves strongly with global cues and India’s market data. If bulls fail to hold above 24,500, bearish pressure could resume.

4 hari lalu

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