NIFTY Trade setup.

The analysis of the GIFT NIFTY 50 Index Futures (4H timeframe) chart:

🔷 *Tools & Indicators Used:*

1. *Resistance Area (Top Blue Box):*

* Horizontal resistance zone marked around *25,000 - 25,300*.
* Expected as the final upside target zone.

2. *Support Area (Bottom Blue Box):*

* Strong historical support around *22,200 - 22,600*.
* Previous demand area where price bounced.

3. *Ascending Trendline:*

* An uptrend line connecting higher lows, indicating bullish market structure.

4. *FVG (Fair Value Gap):*

* Highlighted *imbalanced area near 23,800 - 24,200*.
* Possible retracement area before bullish continuation.

5. *Projection Arrows:*

* Green arrow indicating expected *bullish continuation towards resistance area*.
* Smaller “W” corrective pattern drawn, suggesting a pullback before resuming upside.

6. *Price Measurement Tools (Boxes):*

* Measurement boxes showing previous impulsive bullish moves in points & percentage (e.g., 1,308 points, 5.65%).

7. *RSI Indicator (Below Price Chart):*

* RSI currently near *55.87*, showing moderate bullish momentum but with potential for further upside.

8. *Dynamic Bands (Red & Green Lines):*

* Likely *Keltner Channel or custom moving averages* for dynamic trend guidance.


🔷 *Target Clarification:*

* *Primary Bullish Target:* Around *25,200 - 25,300* (Resistance Zone).
* The chart suggests a continuation of the bullish trend after a minor correction (pullback to FVG or trendline support).
* Final leg of the move could be around *1,277 points (5.21%)* from the breakout.


🔷 *Summary Insight:*

* The structure is bullish with higher highs & higher lows.
* Anticipated move: Minor pullback into the Fair Value Gap (FVG) zone, followed by a bullish rally towards *25,200 - 25,300*.
* RSI supports further upside as long as the trendline holds.


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