Equity2Commodity

➡️ Technical Setup ⏺️ Structure: Nifty has broken above 26,000 recently and currently resides just above that level (~26,050). The structure is consolidation with upward bias (not a full trend breakout yet), as it trades in a range post breakout. ⏺️ Key support: ~25,900–25,950 zone (recent consolidation lows). ⏺️ Key resistance: ~26,200–26,300 zone (recent highs and psychological level). ⏺️ Moving averages: Intraday 20-period and 50-period MAs (say on 15-min chart) will likely lie near support zone; VWAP will also act as intraday mean. ⏺️ Momentum: RSI on daily chart is not yet over-bought but intraday RSI (say on 15-min or 5-min) may enter over-bought if run happens. ⏺️ Volume: Expect volume spike if a breakout above 26,200 happens; on dips watch for volume supporting the bounce. ✅ Conclusion: For intraday, look for a pull-back into support (25,900-26,000) for a long entry, with breakout above 26,200 as secondary scenario. Avoid chasing from high without confirmation of volume/supply break.

🚀 Interesting Pattern in #Nifty & #Sensex. 📌 Focus on Last candle High & Low

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