Indice Nifty 50
Long

Accumulation Zone Activated in Nifty 50

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As we discussed before 1 month
Nifty react as well as my Analysis

๐Ÿ” Nifty 50 Analysis โ€“ Hereโ€™s a detailed breakdown of the chart and its implications:
โš”๏ธKey Observations

๐Ÿ“Œ 1. Accumulation Zone (22,625 - 22,821) โœ…
๐Ÿ”น This zone is a "best price range for long-term investment."
๐Ÿ”น Historically, accumulation zones indicate a potential demand area where institutional buyers may step in.
๐Ÿ”น If the index holds this level, we could see an upward movement ๐Ÿ“ˆ.

๐Ÿ“Œ 2. Strong Resistance Zone (23,050 - 23,178) โŒ
๐Ÿ”น The chart suggests this area is a potential reversal point.
๐Ÿ”น If Nifty reaches this level, profit booking or selling pressure may emerge.
๐Ÿ”น A breakout above this zone could signal further bullish momentum ๐Ÿš€.

๐Ÿ“Œ 3. Projected Price Action (Wave Structure) ๐Ÿ”„
๐Ÿ”น The pattern (A โ†’ D โ†’ F) suggests a possible bounce from accumulation to resistance.
๐Ÿ”น If resistance is broken, Nifty could rally further.

๐Ÿ“Š Trading Strategy

โœ… Bullish View:
๐Ÿ”น If Nifty holds above 22,625, it could move toward 23,050 - 23,178.
๐Ÿ”น A breakout above 23,178 may signal a continued uptrend ๐Ÿš€.

โŒ Bearish View:
๐Ÿ”น A breakdown below 22,625 could lead to further declines ๐Ÿ“‰.
๐Ÿ”น If this happens, new support levels need to be identified.


โš  Disclaimer: I am not a SEBI-registered analyst. Stock markets are subject to market risks. Please do your own research before investing. ๐Ÿ“ข๐Ÿ“Š

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