📊 Nifty 50 Daily Chart Analysis
**Chart Summary (as of May 13, 2025):**
1. **Index Price:**
Nifty 50 is trading around **24,683.90**, showing a significant drop of **-346.35 points (-1.39%)**.
2. **Trendlines:**
* A **long-term downtrend line** has been broken recently, indicating a **bullish breakout**.
* Post-breakout, the price formed an **ascending channel**, respecting higher highs and higher lows.
3. **Support & Resistance:**
* Strong support levels are observed at **22,792**, **21,880**, **20,262**, and **19,994**.
* Immediate resistance zone near **25,200–25,500**, where price is currently consolidating near the top channel line.
4. **Volume:**
* Volume shows increasing interest on bullish days and profit-booking near resistance.
* Recent red bars indicate **selling pressure**.
5. **Moving Average:**
* The **200-day SMA** is at **24,046**, and the price is well above it — a **bullish signal**.
6. **MACD (Momentum):**
* MACD is showing signs of **bullish crossover fade**, indicating that upward momentum may be cooling.
* Histogram bars are shrinking, suggesting a possible **reversal or consolidation**.
---
**Chart Summary (as of May 13, 2025):**
1. **Index Price:**
Nifty 50 is trading around **24,683.90**, showing a significant drop of **-346.35 points (-1.39%)**.
2. **Trendlines:**
* A **long-term downtrend line** has been broken recently, indicating a **bullish breakout**.
* Post-breakout, the price formed an **ascending channel**, respecting higher highs and higher lows.
3. **Support & Resistance:**
* Strong support levels are observed at **22,792**, **21,880**, **20,262**, and **19,994**.
* Immediate resistance zone near **25,200–25,500**, where price is currently consolidating near the top channel line.
4. **Volume:**
* Volume shows increasing interest on bullish days and profit-booking near resistance.
* Recent red bars indicate **selling pressure**.
5. **Moving Average:**
* The **200-day SMA** is at **24,046**, and the price is well above it — a **bullish signal**.
6. **MACD (Momentum):**
* MACD is showing signs of **bullish crossover fade**, indicating that upward momentum may be cooling.
* Histogram bars are shrinking, suggesting a possible **reversal or consolidation**.
---
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.