NIFTY CHART

 It seems like you're analyzing a price action chart, likely from a financial asset such as a stock or cryptocurrency, and tracking Fibonacci retracement levels, trendlines, and key price points to assess future movements. Let me break down the analysis you provided:

1. Initial Movement (21137–23338): The price reversed at 78.6%, moving from 21137 to 23338. This suggests a correction or retracement at that level before continuing the upward trend.

2. Reaching 180% at 25078 (with a peak at 25099): The price reached 180% at 25078, with the actual peak being 25099. After this, a retracement to 126.8% occurred at 23928, with the actual retracement being slightly lower at 23893. This indicates some consolidation or pullback.

3. Break of 180% Candle High at 25192: The price broke the 180% candle high at 25192 and closed at 25151, confirming an upward momentum.

4. Extension to 126.8% at 26278: The price extended from the current swing and reached the 126.8% level, with the actual high at 26277. The retracement after that went toward the 61.8% level at 22686, with the actual low at 22786, before bouncing back to 23807.

5. Key Levels and Positive Divergence: The price bounced above the 38.2% retracement level of the latest swing, showing some support. There was also a good positive divergence at the time of the low, suggesting bullish momentum. The trend line resistance aligns with the Fibonacci level, further reinforcing that the market may face resistance around this zone.

6. Breakout on 5-2-2025: On February 5, 2025, the price broke above the 23643 level (with volume), confirming a bullish outlook. The closing above 23600 is crucial for further gains, as you mentioned. If the price stays above this level, it could continue towards higher targets like 24235 and 25192.

Summary:

• The price has shown positive momentum, bouncing off key retracement levels and making higher highs.
• A strong breakout occurred above the 23600–23643 zone, signaling the potential for further upward movement.
• The key resistance levels around 24235 and 25192 remain important, with the Fibonacci retracement levels offering additional confirmation points.

If the price maintains above the 23600–23643 area, the trend is likely to continue upwards. You should keep an eye on any significant retracement or reversal at these Fibonacci levels for potential entry/exit points.

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