Nifty 50 at very important junction

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Hi , a Happy and very prosperous new year to all,

Nifty 50 is following 3 prominent angular consolidation (channels) nearing the intersection of the consolidation zones, will show u all the zones separately in the comment sections , nifty took the support of the mid of the 2024 12M candle now taking resistance from quarter/2 of 2024 candle , it is also consolidsting between two day insiders bars ,moving between the weekly inside bar range, also following a recent LL channel

posting below my 12M levels for the year 2025, also the 12M ideas posted earlier for the 2024 and 2023, and showing the the progress of these idea at the end of respective year

will also post monthly and weekly levels

in the next idea will post the important levels /pattern for the bank nifty

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12M levels

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posted this nifty 50 idea at the start of the year 2024 showing the 12M levels

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added tl to show the trend, but index respected the 12M levels

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you can see the impact of various elections results here and how price reacted at the levels ,a day before the parliamentary result price reached the level by gap up opening and got very strong resistance from there , before that, during state election results price tried to avoid the levels and resorted to gapup or gap down

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in this idea posted in the month of april '2023, light red line showing the 12M level

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and the progress , where price closed at the end of the year 2023?

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in 15 min tf

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if the index slips below the mid of 12M candle level it could become negative

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closing