Nifty 50 - Testing the Trendline Breakout

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Nifty 50 - Testing the Trendline BreakoutNifty 50 IndexNSE:NIFTYDeepak8090The Setup: Nifty has staged a solid "V-shaped" recovery from the 22,200 support. It is currently battling a descending trendline and a cluster of resistance near 22,750 - 22,800. Technical Highlights: Resistance: Heavy OI at 23,000 (Major psychological barrier). Support: Strong base formed at 22,500 (OI Support). Price Action: Consolidating at the trendline. A breakout here targets the yellow path toward 23k. The Trade Plan: Long Entry: Above 22,750 (Confirmed 15-min candle close). Target: 23,000. Stop Loss: 22,550. Outlook: Neutral-to-Bullish. Wait for the trendline breach before heavy positioning.