Nifty 50 weekly chart step by step with a complete technical and fundamental overview including target, stop loss, RSI, trend, support/resistance, Fibonacci, and pivot levels — along with short-term, medium-term, and long-term views.
🧠1. Chart Overview
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Current Price: 25,165.75
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Recent Candle: Bullish weekly candle (+1.15%)
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Key Fibonacci Levels:
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0.618 retracement: 24,664 (strong support)
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0.5 retracement: 24,185 (secondary support)
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1.0 level (swing high): 26,217 (resistance target)
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🧩 2. Support & Resistance Levels
| Type | Level | Description |
|---|---|---|
| Immediate Support | 24,660 – 24,700 | Fibonacci 0.618 zone, strong demand area |
| Secondary Support | 24,150 – 24,200 | 0.5 Fibonacci + previous consolidation |
| Immediate Resistance | 25,450 – 25,500 | Recent swing high zone |
| Major Resistance / Target | 26,200 – 26,250 | Fibonacci extension + channel top |
Interpretation:
Nifty has successfully bounced from the 0.618 retracement zone (~24,660), indicating strong buying support. The next test will be around 25,500 and then 26,200.
📈 3. RSI & Momentum Analysis
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RSI (Weekly): ~55
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Trendline Break: RSI is moving upward and trying to break a falling trendline.
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Implication: Positive momentum building up. RSI > 55–60 will confirm bullish strength.
If RSI stays above 50, trend remains bullish. A break below 45 could hint at weakness.
📊 4. Trend & Moving Average Analysis
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Short-term Trend: Bullish (price above 20-week moving average).
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Medium-term Trend: Sideways to bullish; consolidation between 24,000 – 25,800.
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Long-term Trend: Strong uptrend intact above 23,000 (200-week MA zone).
Channel Observation:
The price remains within a rising channel; the lower trendline supports near 24,200, and the upper boundary aligns with 26,200–26,500.
⚙️ 5. Pivot Levels (Weekly Basis)
| Level | Approx Value | Outlook |
|---|---|---|
| Pivot (P) | 24,950 | Central zone of balance |
| Resistance 1 (R1) | 25,450 | First upside target |
| Resistance 2 (R2) | 26,200 | Key breakout target |
| Support 1 (S1) | 24,650 | Close to Fib 0.618 |
| Support 2 (S2) | 24,150 | Deeper retracement support |
💼 6. Fundamental View (Macro Context)
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GDP Growth: India maintaining strong 6–6.5% growth projection.
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Corporate Earnings: FY26 estimates remain strong; banking and infra lead.
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Inflation: Moderating trend supports RBI’s neutral stance.
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Global Factors: Fed rate cut expectations support FII inflows.
Overall: Fundamentals remain supportive for medium- to long-term bullish trend in Indian equities.
🎯 7. Target and Stop-Loss Levels
| Time Frame | Target | Stop-Loss | Comment |
|---|---|---|---|
| Short Term (2–4 weeks) | 25,450 – 25,500 | 24,660 | Momentum play; RSI recovery |
| Medium Term (2–3 months) | 26,200 – 26,500 | 24,150 | If breakout above 25,500 sustains |
| Long Term (6–12 months) | 27,000 – 27,500 | 23,800 | Riding long-term trend channel |
📌 8. Summary View
| Aspect | View |
|---|---|
| Technical Trend | Bullish reversal from 0.618 Fib |
| Momentum (RSI) | Strength improving above 50 |
| Support Zone | 24,650 – 24,150 |
| Resistance Zone | 25,450 – 26,200 |
| Outlook | Buy-on-dips toward 24,700 with targets 25,500 → 26,200 |
| Stop-Loss (Positional) | Below 24,600 |
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