NIFTY is trading at a make-or-break level within its long-term ascending channel, and the next move could define the trend for weeks to come.
📌Key Insights You Shouldn't Miss: 1.Critical Support Zone: The 23,500 level is a battle zone for bulls and bears. A strong bounce here could send NIFTY rocketing back to the upper channel at 26,000+.
2.Resistance Ahead: Bulls need to clear 25,000 on their way up. Keep an eye on this level for confirmation.
3.Bearish Breakdown Risk: A close below the channel’s lower boundary could mean trouble, with targets around 22,000 or lower.
What’s Next? 📉A deeper correction? 📈 Another bullish rally to all-time highs?
This is the moment to stay sharp and plan your trades! 🚨
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