NIFTY 50 – WEEKLY CHART ANALYSIS

🔻 Key observations Inverted Cup & Handle: The rounded top followed by the handle structure has broken on the downside. Breakdown + Retest: The broken trendline/neckline has been retested and price is currently moving lower. Current zone: NIFTY is around 23,346, below the broken structure. Bearish Order Block: 25,600–26,400 — major supply/resistance zone. Bullish Order Block: 22,200–22,650 — important demand/support zone. Structure: Lower highs are developing after rejection from the 24,000–24,400 region. 📉 Downside scenario If NIFTY continues to sustain below the broken structure, the 22,650–22,200 bullish order block becomes the key area to watch. A decisive breakdown below 22,200 would weaken the bullish order-block structure further and could expose lower levels. 🔄 What would invalidate the bearish structure? A sustained recovery back above the 24,000–24,400 region would require reassessment of the inverted Cup & Handle breakdown. A stronger reversal signal would come if price subsequently reclaims the broken trendline and forms higher highs. For the weekly chart, the 22,200–22,650 zone is the major area to watch for a potential reaction, while 24,000–24,400 is the important recovery zone. DISCLAIMER : This content is based solely on my personal technical analysis and study of the chart. It is shared for educational and informational purposes only. This is not financial, investment, or trading advice, and it is not a recommendation to buy or sell any security, index, futures, or options contract. Please do your own research and analysis before taking any trade. Market conditions can change rapidly, and the levels, patterns, targets, and scenarios may become invalid as price action develops. Trading involves substantial risk, including the possibility of losing your invested capital. Past performance does not guarantee future results. Do not trade solely based on this analysis. Consider consulting a qualified financial advisor before making investment decisions. Trade with logic. Risk with discipline. Logic Trade Room