nifty fifty on 27 Feb 25

Demand & Supply Zones Analysis:
Based on the chart, the price has been in a clear downtrend, forming lower highs and lower lows. Here are the key demand and supply levels:

🔴 Supply (Resistance) Zones:
22,740 - 22,820 → Previous consolidation area before the major drop.

22,900 - 23,000 → Strong resistance where price faced selling pressure earlier.

🔹 If the price moves up and reaches these zones, selling pressure may increase.

🟢 Demand (Support) Zones:
22,500 - 22,510 → The most recent low (22,513.90) acting as immediate support.

22,350 - 22,400 → Next possible strong support if price breaks below 22,500.

22,200 - 22,250 → Major demand zone from previous historical levels.

🔹 If the price reaches these demand zones, buyers might step in, leading to a potential bounce.

Trading Plan:
Short Trades 📉: Look for entries near supply zones with bearish confirmation (e.g., rejection wicks, red candles).
Long Trades 📈: Wait for bullish confirmation (e.g., strong green candles, high buying volume) near demand zones.
Would you like a more detailed scalping or swing trading strategy for these levels? 🚀