Alright guys, I’ve been getting this a lot — ‘What’s up with Nifty 50- Though am a pure crypto guy but onto the request i would analyse the index, and i feel its very bullish! And i searched some problem is there if someone analyse it - Its just a educational chart!! So the alleged doesnt disturb me lol.
This is a market profile
After a sharp correction earlier in April, the index formed a base with tightly packed POCs and balanced value areas between 22,400–23,400 levels. This region acted as a strong accumulation zone. Post that, a sharp breakout above the previous VAH (Value Area High) occurred, and price has now cleanly auctioned above 24,000. What’s impressive is the most recent structure: the POC, VAL, and VAH have all shifted higher in alignment, suggesting that acceptance at higher prices is taking place. The current POC at around 24,100 further validates that market participants are comfortable building volume at elevated levels. Unless we fall back below 23,800–23,900 (which is now a key demand zone), Nifty 50 is showing strength and could attempt the 24,400–24,600 range in the upcoming sessions.
This is a market profile
After a sharp correction earlier in April, the index formed a base with tightly packed POCs and balanced value areas between 22,400–23,400 levels. This region acted as a strong accumulation zone. Post that, a sharp breakout above the previous VAH (Value Area High) occurred, and price has now cleanly auctioned above 24,000. What’s impressive is the most recent structure: the POC, VAL, and VAH have all shifted higher in alignment, suggesting that acceptance at higher prices is taking place. The current POC at around 24,100 further validates that market participants are comfortable building volume at elevated levels. Unless we fall back below 23,800–23,900 (which is now a key demand zone), Nifty 50 is showing strength and could attempt the 24,400–24,600 range in the upcoming sessions.
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The 〽️agic happens here: @MastaCryp
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Official Telegram Channel : @mastaishere | 〽️agic Begins 🪄 with 〽️astaCrypta! |
Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.