Friday, February 21, 2025

NIFTY TREND AND VIEW OF 24-2-2025 TO 28 -2-2025

 

Technical Analysis of Nifty 50 Chart with Target and Stop Loss

Key Technical Levels:

Support Levels:

22,722.75 (0.786 Fibonacci retracement level) – Strong support zone; price might bounce from here.

22,764.25 (0.618 Fibonacci retracement level) – Another crucial support; if broken, price may head lower.

Resistance Levels:

22,793.45 (0.5 Fibonacci retracement level) – Immediate resistance; price struggling to hold above this.

22,822.60 (0.382 Fibonacci retracement level) – Key resistance; strong selling pressure seen near this level.

Target and Stop-Loss Consideration:

Target (TGT) Levels:


If price holds 22,764, potential upside towards 22,793 and 22,822.

A breakout above 22,822 can lead to higher targets.

Stop-Loss (SL):


If entering a long position near 22,764, an ideal stop-loss would be below 22,722 (next major support).

For short positions, if price fails to break below 22,764, SL should be above 22,822.

Indicators & Market Sentiment:

RSI (Relative Strength Index):

Currently at 31.81, indicating an oversold zone—potential for a bounce.

Volume Analysis:

Increasing volume near support levels suggests potential buying interest.

Conclusion:

A bounce from support (22,764 - 22,722) may lead to an upside move.

Breakdown below 22,722 could trigger further downside.

Short-term traders can use 22,764 as an entry with a target of 22,822 and stop-loss below 22,722.

Nifty 50 Analysis: Short-Term, Medium-Term, and Long-Term View

📌 Short-Term View (Intraday to a Few Days)

Current Trend: Bearish to Neutral

Key Levels:


Support: 22,722 (0.786 Fib), 22,764 (0.618 Fib)

Resistance: 22,793 (0.5 Fib), 22,822 (0.382 Fib)

Analysis:


The price is hovering around the 0.618 Fibonacci support (22,764). If this level holds, a bounce toward 22,793 - 22,822 is possible.

RSI at 31.81 suggests an oversold condition, indicating a possible short-term bounce.

If 22,764 breaks, then expect a move toward 22,722 or lower.

🔹 Short-Term Strategy:


Bullish case: Buy near 22,764, Target: 22,822, SL: 22,722

Bearish case: Sell below 22,764, Target: 22,722, SL: 22,793

📌 Medium-Term View (Few Weeks to a Month)

Current Trend: Sideways to Slightly Bearish

Key Levels:


Support: 22,700 - 22,750 (Strong Demand Zone)

Resistance: 22,900 - 23,000 (Major Resistance Zone)

Analysis:


If 22,722 support holds, the market may consolidate and attempt to break above 22,822 - 22,900.

Failure to hold 22,722 could lead to further downside toward 22,600 - 22,500.

Medium-term momentum is weak due to lower highs and lower lows in recent price action.

🔹 Medium-Term Strategy:


Bullish case: Buy on dips near 22,722, Target: 22,900 - 23,000, SL: 22,600

Bearish case: Sell below 22,722, Target: 22,500, SL: 22,822

📌 Long-Term View (Months to a Year)

Current Trend: Bullish but in Consolidation Phase

Key Levels:


Support: 22,500 (Major Support), 22,000 (Critical Level)

Resistance: 23,500 - 24,000 (Long-Term Upside Target)

Analysis:


The long-term structure remains bullish as higher timeframes show higher highs and higher lows.

The current correction is healthy unless 22,500 - 22,000 breaks.

If Nifty holds above 22,700, it may target 23,500 - 24,000 in the coming months.

🔹 Long-Term Strategy:


Buy near 22,500 - 22,700, Target: 23,500 - 24,000, SL: 22,000

If 22,000 breaks, expect a deeper correction toward 21,500 - 21,000.

🔹 Final Summary:

Timeframe Trend Key Support Key Resistance Target Stop-Loss

Short-Term Neutral-Bearish 22,722 - 22,764 22,793 - 22,822 22,822 22,722

Medium-Term Sideways to Bearish 22,700 22,900 - 23,000 23,000 22,600

Long-Term Bullish 22,500 23,500 - 24,000 24,000 22,000

🚀 Overall, long-term remains bullish, but short-term and medium-term show weakness unless support holds.

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