Nifty 50 at a Crossroads: Breakout or Breakdown? - 13.03.2025
Nifty 50 at a Crossroads: Breakout or Breakdown? - 13.03.2025
Nifty 50 at a Crossroads: Breakout or Breakdown? - 13.03.2025
Disclaimer: This report is for informational purposes only and should not be considered as financial advice. Please consult with a professional before making investment decisions.
Nifty 50 at a Crossroads: Breakout or Breakdown? - 13.03.2025
Chart Pattern & Trend Analysis
- Current Trend: Nifty 50 remains in a downtrend, but signs of consolidation are visible.
- Support Zone: 22,245.85 is acting as strong support.
- Resistance Levels: Key resistances at 22,510.90 and 22,720.30.
Dow Theory & Moving Averages Insights
- Lower highs & lower lows confirm a bearish structure.
- 50 EMA & 100 EMA above price, confirming downward pressure.
- 200 EMA (black line) suggests long-term resistance around 23,429.82.
- Short-term moving averages (10 EMA, 15 EMA, 20 EMA) show resistance at 22,464–22,483 levels.
Volume Analysis & Upcoming Events
- Volume spikes indicate active participation near support zones.
- Breakout above 22,720 needs strong volume confirmation.
- Upcoming macroeconomic data & global market cues will impact trend.
Observations & Trend Confirmation Indicators
- Price rejection from resistance suggests cautious sentiment.
- RSI needs to confirm bullish divergence for reversal.
(Bullish) Above 22,720 with strong volume confirmation.
(Bearish)Below 22,245 with increased selling pressure.
Final Takeaway
- Short-term: Consolidation with slight bullish bias if 22,720 is breached.
- Medium-term: Still bearish unless price reclaims 23,000+.
- Long-term: Needs a trend reversal with strong fundamental support.
Disclaimer: This report is for informational purposes only and should not be considered as financial advice. Please consult with a professional before making investment decisions.
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