ilmscore | Prediction Details
"So, we have to understand that if at the next resistance level if if we are not able to crack it if if the overall uh I mean if if a reversal happens what could be the next important support because if that gets broken whatever is the current trend we will understand what is the current trend that current trend could effectively reverse. Okay. And final question is that 26th of September was it or was it some other day? Uh it was what? Yes. 26 27th September 2024. At that time, market was at an all-time high and so was my portfolio at an all-time high. Okay. My portfolio was showing whatever percentage profit. Okay. Yes. Sham has correct has given the exact date 27th September. Whatever percentage profit I was seeing back on 27th September 2024 is my portfolio showing the same percentage of profit because Nifty has gone down from 26,2300 level to a very low level corrected by almost whatever 16 17% and has come up all the way up. So Nifty is showing the same level almost again. But is the profit in my portfolio showing the same level? Yes or no. So that is that is one important point that we have to address. Before before we actually start with all these key pointers that what could be uh the next resistance, what could be the next support we will start with this that is the profit in your portfolio in your portfolio higher than previous ATTH. I'm just cutting it short. Uh I'm starting the poll. So I will repeat what I intend to ask so that we get a fair enough idea right that whatever was the profit percentage in your account correct when market hit hit all-time high 27th September 2024 are you at a better profit or are you at a lower profit is your port is the profit in your portfolio higher than previous ATTH yes or no that is that is what I I want to understand uh I I do see some yes or nos in the in the comments. Don't don't do that. Put it in in the chat so that everyone will be able to actually see and uh we will get a fair enough idea that uh what what is the overall situation of uh people's portfolios and then we will try and address the next set of questions. Okay, we are almost closing on to 150 votes. Uh with that let me end the poll and almost 158 uh polls 15 oh 61 votes and I'm sure you will be able to see this on your screen right now and uh the exact answer is 70% people are saying no my portfolio is not higher than the previous ATTH 30% people are saying yes okay Minakshi PHC >> I know I know I know they at what level were they and at what level they are right now so so what is to be done in such cases if your portfolio is not at the same peak level as it was what is to be done that is exactly what we going to discuss in today's live stream so of course I'm sure you all will keep watching on uh but we are going to discuss that very important point towards the end of today's live stream okay so first things first let us quickly now go to charts and understand our very first question. What is the next big resistance? Okay, we we will start from absolute basics. What is the next big resistance? Right now, now everyone knows this. This was the previous all-time high. Correct? And what of course I will do from here? I will just draw an alt J. And this comes to 26,277 280. Okay, 26. Please note down today's live stream is extremely important. You will come to know about all the key levels you have to watch out for. So please have a paper, a pen, maybe a mobile to note down. But these levels are absolutely important and uh you will get some sort of guidance on what you have to do when X things happens. Okay, whatever happens. So till we are not closing and not sustaining about 26,280 we still face a major resistance at this level 26,280 maybe round off to 26,300. Okay. So, 26 200 to 26,300. This is our big resistance based on what previous alltime high. Okay. What happened back then? 27th September. We reached this level. There was a big correction. We tried to move up. But from here there started a fresh down move. So like this is also important. This is this high will also be equally important because from here we started a fresh down move. Correct? So what I'm going to do is this high. Okay, alt t this high. Then we saw this as the next swing high. Correct. So I'm just going to extend this. We can see one more swing high and I'm going to join maximum touch points. Okay, for those who have done my course on technical analysis, you would already know this that how do we draw trend lines? We should ideally try and join maximum touch points. We should not cut through candles. Okay, that is a base thumb rule. Okay, so now if you see here that this was one of the previous key swing highs, another key swing high, another swing high, similar point and today what happened? Now I'm zooming in. Today also market went above this but was not able to sustain above this. It gave up its gains and it has settled below this resistance line. Now for tomorrow also this comes to 26,218ish levels. So that is the reason why I'm telling you 26,200 to 26,300. This is the biggest choke zone. If we are able to close up achan now tomorrow as an example if we open above this level 26,300 we open only above that and we are able to sustain Monday also it gives a confirmation. Oho then don't ask. We can see a very nice rally. Okay, fast and furious rally. Now why am I saying that? So I hope every everyone has written this down. You have taken this noting. What is the next key resistance? 26,200 26,300. Right? Once we are able to close above this, what is the next big target that we should look out at? Okay. Now for those who have done my price action analysis, you will be able to understand this. This is a classic example of a VCP. And what is VCP? Volatility contraction price. Okay. So if I were to quickly where is the drawing symbol? One second brush. Sorry. So if we were to quickly draw this, this is like or we call this as a complex cup and handle. Okay, this is like the cup. This is like the handle and one more smaller handle. So this is called as a complex cup and handle or in price action analysis we will call this as a VCP pattern. Okay. Now typically in such cases what happens is that when we see such kind of pattern and when see when we this is the classic textbook pattern and when we see a breakout then ideally whatever is this height okay whatever is this height this ideally should get replicated as my target so what will be my first target on nifty if I were to replicate this this comes to 26,900 okay even if to I only got shocked. Wait, we will skip last last two three candles. Okay, we'll skip last two three C to We always love to be conservative. If we are able to get more, why not? But let's let's keep still 26,800. Oh, if we are able to cross 26,200, 300 we sustain above that next 500 points rally, it's just going to come up like this. Okay, so next target 26,800."
By CA Rachana Phadke Ranade | November 20, 2025 | Incorrect
From video
Why market is up today? | NIFTY 26,000 | CA Rachana Ranade 00:06:46 - 00:11:33
Interpreted Prediction
The immediate key resistance for the market is identified at the 26,200 to 26,300 level. If this level is broken and sustained, the next short-term target is projected at 26,800, followed by a medium-term target of 27,800 and a long-term target of 29,400, based on VCP and cup and handle pattern analysis.
AI Evaluation Notes
The Nifty did not reach the predicted levels. On January 1, 2026, Nifty closed at 22,532.7.

Prediction Details

Topic
Nifty Support Level

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.