🔹 30 June – Bearish Engulfing
A large bearish candle fully engulfed the prior bullish day, forming at new highs (~25,790). Classic sign of distribution after an extended uptrend. This marked the beginning of the current corrective leg.
🔹 3 to 10 July – Falling Three Methods
After the initial drop, price consolidated in a tight range. Three small-bodied candles (4–9 July) signaled indecision. On 10 July, a strong bearish continuation candle confirmed the Falling Three Methods pattern — strengthening the downside move.
🔹 15 July – Downward Gap Tasuki
A bearish gap formed between 12–14 July. On 15 July, a small bullish candle emerged but failed to fill the gap — forming a Downward Gap Tasuki, a bearish continuation pattern. While this is typically a trend-continuation signal, it's forming within a primary uptrend, making follow-through uncertain.
🧠 Trend Context: Bullish Dominance Meets Short-Term Exhaustion
Despite these bearish candlestick formations, the broader trend from April remains structurally bullish. This confluence of reversal + continuation signals indicates:
Controlled profit-booking at highs
Low conviction from bulls near resistance
Possible mid-trend correction, not a trend reversal (yet)
🔎 Key Technical Levels to Watch
📉 Support Zones:
25,050: Immediate swing low (14 July)
24,850: Prior breakout zone
24,600: Horizontal support from mid-June
📈 Resistance Zones:
25,300 – 25,350: Gap resistance from 12–15 July
25,500: Key rejection zone from recent highs
25,650 – 25,700: All-time highs
⚠️ Market Psychology
Bulls are still in control on the higher timeframe, but the emergence of strong bearish patterns suggests hesitation at the top.
With Indian CPI easing and RBI’s neutral stance, macro still supports the bullish narrative — but the technical structure is flashing red flags in the short term.
🧾 Conclusion
"Nifty Spot has printed a sequence of reliable bearish candlestick formations — Bearish Engulfing (30 June), Falling Three Methods (3–10 July), and Downward Gap Tasuki (15 July). While these indicate short-term pressure, the broader uptrend remains intact. A close below 25,050 could trigger a deeper correction to 24,850–24,600. Bulls need to decisively reclaim 25,400+ to nullify the bearish setup and resume the uptrend."
#Nifty50
#NiftyAnalysis
#NiftyTechnicalAnalysis
#NSEIndia
#IndianStockMarket
#BearishEngulfing
#FallingThreeMethods
#TasukiGap
#CandlestickPatterns
#PriceAction
A large bearish candle fully engulfed the prior bullish day, forming at new highs (~25,790). Classic sign of distribution after an extended uptrend. This marked the beginning of the current corrective leg.
🔹 3 to 10 July – Falling Three Methods
After the initial drop, price consolidated in a tight range. Three small-bodied candles (4–9 July) signaled indecision. On 10 July, a strong bearish continuation candle confirmed the Falling Three Methods pattern — strengthening the downside move.
🔹 15 July – Downward Gap Tasuki
A bearish gap formed between 12–14 July. On 15 July, a small bullish candle emerged but failed to fill the gap — forming a Downward Gap Tasuki, a bearish continuation pattern. While this is typically a trend-continuation signal, it's forming within a primary uptrend, making follow-through uncertain.
🧠 Trend Context: Bullish Dominance Meets Short-Term Exhaustion
Despite these bearish candlestick formations, the broader trend from April remains structurally bullish. This confluence of reversal + continuation signals indicates:
Controlled profit-booking at highs
Low conviction from bulls near resistance
Possible mid-trend correction, not a trend reversal (yet)
🔎 Key Technical Levels to Watch
📉 Support Zones:
25,050: Immediate swing low (14 July)
24,850: Prior breakout zone
24,600: Horizontal support from mid-June
📈 Resistance Zones:
25,300 – 25,350: Gap resistance from 12–15 July
25,500: Key rejection zone from recent highs
25,650 – 25,700: All-time highs
⚠️ Market Psychology
Bulls are still in control on the higher timeframe, but the emergence of strong bearish patterns suggests hesitation at the top.
With Indian CPI easing and RBI’s neutral stance, macro still supports the bullish narrative — but the technical structure is flashing red flags in the short term.
🧾 Conclusion
"Nifty Spot has printed a sequence of reliable bearish candlestick formations — Bearish Engulfing (30 June), Falling Three Methods (3–10 July), and Downward Gap Tasuki (15 July). While these indicate short-term pressure, the broader uptrend remains intact. A close below 25,050 could trigger a deeper correction to 24,850–24,600. Bulls need to decisively reclaim 25,400+ to nullify the bearish setup and resume the uptrend."
#Nifty50
#NiftyAnalysis
#NiftyTechnicalAnalysis
#NSEIndia
#IndianStockMarket
#BearishEngulfing
#FallingThreeMethods
#TasukiGap
#CandlestickPatterns
#PriceAction
Trade active
1:1 trade is completed now Would like Trail the Stops around cost and will wait for next price action update.Trade closed: target reached
if 25238 breached tomorrow after 1 hr candle close then Over and out. we follow whatever market will say to us.
Note
as expected it didn't breach the positional set up and price made a new low so well will trail when we found lower high in coming future .Note
we can now trail stops near 25000.
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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.
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.