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Chartist talk: Momentum cooling? Technicals flag caution in Indian market activity
Chart signals in India indicate potential momentum loss after a strong rally, with key support at 25,500 and caution advised ahead of any pull-back.
Technical analysts pointed to ‘shooting-star’ candlestick patterns in key Indian indices this week, suggesting possible exhaustion after a strong rally. The head of technical research at a major brokerage noted the Nifty and Bank Nifty could be at risk of a consolidation or pull-back unless fresh leadership emerges. He highlighted support near 25,500 and recommended stop-loss discipline for active traders. The commentary raises questions about whether the recent strong trend can continue unchallenged or if structural rotation is overdue.