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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🚀 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]
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.