#Nifty | Breakout Confirmed, Now Eyes on Support for Next Move

#Nifty Update (Daily):

CMP: 25,891.40

Following our previous update at 25,285, Nifty has decisively broken out above the Symmetrical Triangle pattern and surged to a high of 26,104 today. Price action formed a bearish candle but managed to close positively on the daily chart.

🔄 What to expect next?
A potential retest of breakout levels is likely as profit booking is expected after a strong rally of over 1,500 points from the swing low. Watch the key support zones closely for a possible bounce.

🔽 Support Zones to watch:

25,669 - 25,638
25,449 - 25,424

⚡️ If Nifty holds these levels and reverses, it could set the stage for a renewed upmove aimed at surpassing the all-time high (ATH) at 26,277.

🔼 Resistance Zones to watch:

26,104 (recent high)
26,216 - 26,277 (ATH)

📈 A sustained break above the ATH will confirm continuation toward the symmetrical triangle’s ultimate target near 26,700.

#Nifty | #Nifty50 | #BreakOutRetest | #SymmetricalTriangle | #ChartPatterns | #SwingTrading | #PriceAction

📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.