Nifty 50 | Falling Wedge Pattern – A Bullish Breakout Ahead?

Hello everyone! I hope you all are doing great in life and in your trading journey. Today, I have brought an in-depth analysis of Nifty 50, focusing on a powerful Falling Wedge Pattern that is currently forming on the charts. This pattern is known for signaling a bullish reversal, provided we get a confirmed breakout. If this pattern plays out as expected, we could witness a strong upward move in the coming sessions.

Currently, Nifty is trading near a strong support zone around 22,777 – 22,900, where buyers have previously shown interest. The price is moving within a converging downward-sloping range, indicating that selling pressure is weakening. Key resistance levels to watch post-breakout include 23,700, 24,207, 24,781, 25,191, and 26,277, with a stop-loss placed below 22,777 to manage risk effectively. However, this analysis holds true only if Nifty breaks out of the Falling Wedge Pattern; until then, caution is advised.

If the breakout is confirmed with good volume, we might see a strong rally ahead, potentially targeting the marked resistance levels. As always, patience and discipline are key—wait for confirmation before making any trading decisions.

Disclaimer:-This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.

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