Nifty 50 at a Critical Support: Rebound or Further Decline?

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Hello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a daily timeframe analysis on Nifty which is trading within a Bearish Falling Channel and recently broke down from a smaller Bullish Channel, indicating continued weakness. It is now approaching a Strong Support Zone, which could either lead to a rebound or a fall toward 22,246 if the support breaks. The RSI shows bearish divergences aligning with past declines, while recent bullish divergence suggests possible support. This is a key level to watch closely.

Disclaimer: This post is for educational purposes and not financial advice. Always do your research and manage your risk.

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vor 4 Stunden

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Next strong support 22750