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18 May 2026 | 07:27:04 AM IST
A breakout above the breakdown zone could indicate a pause in the downtrend and trigger a pullback towards 24,500–24,600, near the highs seen in April 2026.
Synopsis
Sensex Today | Nifty 50 | Stock Market Live Updates: Benchmark indices ended lower on Friday amid heightened volatility. On the weekly chart, the Nifty formed a bearish candlestick pattern marked by a lower high, a lower low, and a long lower shadow.
Sensex Today | Nifty 50 | Stock Market Live Updates: Analysts believe that unless the index decisively moves above the breakdown zone of 23,800–24,000, the corrective bias is likely to persist, with potential downside towards the 23,200–23,000 support area. However, a breakout above the breakdown zone could indicate a pause in the downtrend and trigger a pullback towards 24,500–24,600, near the highs seen in April 2026.
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