NIFTY Outlook
📉 Nifty 50 Outlook
The Nifty 50 index shows a Head & Shoulders pattern, signaling a potential trend reversal.
🔍 Key Observations:
Current Level: 23,518.50
Breakdown Point: 24,000
Support Zones: 23,000 and 21,500
📊 Scenarios Ahead:
1️⃣ Bullish Rebound: A break above 24,000 could resume an uptrend.
2️⃣ Bearish Continuation: If the neckline breaks, the next supports are 23,000 and 21,500.
⚠️ Actionable Advice: Stay cautious. Monitor the key levels before making moves.
#Nifty50 #StockMarket #Trading #TechnicalAnalysis #Nifty
The Nifty 50 index shows a Head & Shoulders pattern, signaling a potential trend reversal.
🔍 Key Observations:
Current Level: 23,518.50
Breakdown Point: 24,000
Support Zones: 23,000 and 21,500
📊 Scenarios Ahead:
1️⃣ Bullish Rebound: A break above 24,000 could resume an uptrend.
2️⃣ Bearish Continuation: If the neckline breaks, the next supports are 23,000 and 21,500.
⚠️ Actionable Advice: Stay cautious. Monitor the key levels before making moves.
#Nifty50 #StockMarket #Trading #TechnicalAnalysis #Nifty
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