detailed technical analysis of the NIFTY Futures chart you shared (15-min timeframe) with Target, Stop Loss, Support–Resistance, Pivot Levels, and multi-timeframe view:
🔎 Technical View (Chart Analysis)
Current Price: 25,151.50
Immediate Resistance: 25,263 (Fib 1.0 level / recent high)
Immediate Support: 25,038 (Fib 0.618) and 24,968 (Fib 0.5 retracement)
Major Support: 24,674 (Fib 0.0 / swing low)
📉 RSI: Approaching overbought zone (above 65–70), which indicates caution at higher levels.
🎯 Target & Stop Loss
Buy Side (Bullish view)
Entry: Above 25,170 (sustained breakout)
Target 1: 25,263 (resistance & Fib level)
Target 2: 25,350–25,400 (next psychological resistance)
Stop Loss: 25,038 (below Fib 0.618)
Sell Side (Bearish view if reversal happens)
Entry: Below 25,038 (breakdown of support)
Target 1: 24,968
Target 2: 24,800–24,674 (major support zone)
Stop Loss: 25,170
📊 Pivot Levels (Based on current move)
Pivot Point (P): ~25,090
R1: 25,200
R2: 25,263
S1: 25,038
S2: 24,968
S3: 24,674
These match well with Fibonacci retracement levels.
🕒 Multi-Timeframe View
Short Term (Intraday – 1–2 days):
Nifty is near resistance (25,200–25,260). Small pullback possible. Best to book profits near highs.
Medium Term (1–2 weeks):
As long as it holds 24,968–25,000 zone, trend remains bullish. A breakout above 25,263 could extend rally to 25,400–25,500.
Long Term (1–3 months):
Strong uptrend structure. Higher highs and higher lows intact. Major long-term support sits around 24,500–24,600. As long as this level holds, bullish trend continues, with targets 25,800–26,000 in coming months.
✅ Conclusion:
Market is bullish but near resistance.
For intraday: Buy above 25,170 with SL 25,038, target 25,263+.
For positional: Hold long positions above 24,968–25,000.
Risk caution: RSI is nearing overbought → expect volatility near highs.
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