📈 Nifty 50 – Rising Wedge Breakout or Trap? 🔍
🗓️ 2nd May 2025 | 15-Min Chart Analysis
The Nifty 50 has been respecting a rising wedge pattern over the past few sessions. Today, we witnessed a sharp bounce from the lower trendline with a strong bullish candle and volume spike — just enough to test the upper boundary of the wedge!
💡 Key Observations:
Price touched the upper trendline resistance – caution advised 🚨
Volume spike hints at possible breakout attempt or smart money exit
Watch closely: A breakout with volume = bullish continuation 📈
A rejection here = possible reversal 📉
🔔 My Take:
Momentum is strong, but the structure looks fragile. If it breaks out and sustains above the wedge, we could see a 100–150 point move. Else, a reversal towards 24,300 or below is also on the cards. Stay alert.
📊 Always trade with proper risk management.
📌 What’s your view? Breakout or fakeout? Drop your thoughts below!
🗓️ 2nd May 2025 | 15-Min Chart Analysis
The Nifty 50 has been respecting a rising wedge pattern over the past few sessions. Today, we witnessed a sharp bounce from the lower trendline with a strong bullish candle and volume spike — just enough to test the upper boundary of the wedge!
💡 Key Observations:
Price touched the upper trendline resistance – caution advised 🚨
Volume spike hints at possible breakout attempt or smart money exit
Watch closely: A breakout with volume = bullish continuation 📈
A rejection here = possible reversal 📉
🔔 My Take:
Momentum is strong, but the structure looks fragile. If it breaks out and sustains above the wedge, we could see a 100–150 point move. Else, a reversal towards 24,300 or below is also on the cards. Stay alert.
📊 Always trade with proper risk management.
📌 What’s your view? Breakout or fakeout? Drop your thoughts below!
Dagangan ditutup secara manual
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.