Chart Study | NIFTY 50 | Daily Chart | 4 November 2026Nifty 50 IndexNSE:NIFTYBK_QuantDeskKey observation: Can NIFTY maintain its bullish momentum and approach T1 (23,957.55), or will price consolidate before the next move? Watch how the candles develop and assess the setup against your own trading plan and risk limits. The chart shows a BUY signal followed by a strong upward price move. NIFTY is trading near 23,787.70, approaching the T1 reference level after a series of bullish candles. Chart reference levels: Entry reference: As indicated by the BUY label Stop-loss level: 22,179.90 Target 1: 23,957.55 Target 2: 24,846.35 Target 3: 25,735.20 These are indicator-generated reference levels for technical analysis, not predictions or guaranteed outcomes. Price may move in either direction, and the setup can fail. Key observation: Can NIFTY maintain its bullish momentum and approach T1 (23,957.55), or will price consolidate before the next move? Watch how the candles develop and assess the setup against your own trading plan and risk limits. Disclaimer: This post is for educational and informational purposes only. It is not a recommendation to buy, sell, or hold any security or derivative. No returns are assured. Trading involves risk; please do your own research and consult a SEBI-registered investment adviser where appropriate.