Chart Description: Dynamic Resistance: Highlight the descending trendline acting as a strong resistance. Mark recent rejection points from this line. Dynamic Support: Add the upward-sloping support line showing recent price bounces. Key Levels: 47600: Potential target if support breaks, indicating a bearish continuation. 47600: Swing low zone, which...
Nifty has entered a breakdown structure around 23,460. Sustaining below this level could lead to a test of the 22,700 zone. Bulls may regain strength only if Nifty reclaims the 23,500 area. Watch these levels closely for the next move. Disclaimer : This analysis is for informational purposes only and not financial advice. Conduct your own research or consult a...
The Sensex has broken the double bottom support at 77,575, signaling a bearish breakdown structure. The next key level to watch is 76,000, which is now on the radar for potential testing. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult a professional financial...
Description : The CNS Metal Index recently broke below the 5th pivot of an ascending triangle pattern. This signals a potential bearish shift in momentum. The next key level to watch is the support zone around 8100. If this level is tested and broken, it could indicate further downside potential. Traders should watch for confirmation signals, such as increasing...