#NIFTY50 analysis for 06/06/2025
✅ Resistance Zones:
24,865.15 – Immediate resistance
25,067.65 – Strong resistance (target if bullish breakout happens)
🛑 Support Zones:
24,743.20 – Initial minor support
24,728.60 to 24,506.30 – Critical support zone with layered levels:
24,697.35
24,625.55
24,592.30
24,506.30 (major support)
🔄 Pattern & Structure:
A potential Head and Shoulders pattern seems to be forming, marked in red.
The neckline support lies around 24,743 - 24,728 zone.
A break below this level could signal a bearish continuation.
🔀 Possible Scenarios:
🔼 Bullish Scenario:
If price sustains above 24,865.15, a breakout toward 25,067.65 is likely.
Entry Idea: Buy above 24,870 with SL below 24,750 and Target ~25,050–25,100.
🔽 Bearish Scenario:
If the neckline (around 24,728) breaks, we could see:
Immediate drop to 24,697.35
Further to 24,592.30 or 24,506.30 if bearish momentum increases
Entry Idea: Sell below 24,720 with SL above 24,770 and Target ~24,600–24,510.
