Nifty 50’s Major Breakdown! Next Target: 21,206
Hello Traders 👋👋
Key Observations:
1. Support Breakdown:
• A critical support level around 22,400 has been breached, leading to a sharp decline in price.
2. Target Projection:
• The chart highlights a potential downside target at 21,206.65, which aligns with the next significant support zone.
3. Volume Surge:
• The highlighted yellow zone suggests an increase in trading volume, confirming strong selling pressure accompanying the breakdown.
This technical setup suggests a bearish outlook unless the price reclaims the broken support level. Traders may consider risk management strategies accordingly.
Key Observations:
1. Support Breakdown:
• A critical support level around 22,400 has been breached, leading to a sharp decline in price.
2. Target Projection:
• The chart highlights a potential downside target at 21,206.65, which aligns with the next significant support zone.
3. Volume Surge:
• The highlighted yellow zone suggests an increase in trading volume, confirming strong selling pressure accompanying the breakdown.
This technical setup suggests a bearish outlook unless the price reclaims the broken support level. Traders may consider risk management strategies accordingly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Daily Trading Signals on Telegram!
We provide high-accuracy signals every day with expert analysis.
📊 Profitable & Risk-Managed Trades
🎁 Exclusive Benefits for Members
📌 Join Now: [t.me/Singnals_Provider_king]
We provide high-accuracy signals every day with expert analysis.
📊 Profitable & Risk-Managed Trades
🎁 Exclusive Benefits for Members
📌 Join Now: [t.me/Singnals_Provider_king]
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.