Nifty 50’s Major Breakdown! Next Target: 21,206

Hello Traders 👋👋

Key Observations:
1. Support Breakdown:
• A critical support level around 22,400 has been breached, leading to a sharp decline in price.
2. Target Projection:
• The chart highlights a potential downside target at 21,206.65, which aligns with the next significant support zone.
3. Volume Surge:
• The highlighted yellow zone suggests an increase in trading volume, confirming strong selling pressure accompanying the breakdown.

This technical setup suggests a bearish outlook unless the price reclaims the broken support level. Traders may consider risk management strategies accordingly.