NIFTY NEXT 50 – Technical Analysis & Trade Plan

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NIFTY NEXT 50 – Technical Analysis & Trade PlanNifty Next 50 IndexNSE:NIFTYJRMarxBabuπŸ“Š NIFTY NEXT 50 – Technical Analysis & Trade Plan πŸ”₯ Looking at the daily chart for NIFTY NEXT 50, we can see a well-defined setup with clear entry, stop loss, exit, and resistance levels. πŸ“Œ **Entry Long:** 66,800.35 πŸ”‘ Key Levels to Watch: πŸ”Ή **Exit Target:** +6.1% β†’ 70,875.15 πŸ”Ή **Stop Loss:** -4.6% β†’ 63,727.55 πŸ”Ή **Support Zone:** -7.3% β†’ 61,923.90 πŸ”Ή **Resistance Zone:** +10.9% β†’ 74,081.60 Price is consolidating near the entry level (66,800.35). If momentum builds, a first target of 70,875.15 can be achieved, while broader resistance remains at 74,081.60. On the downside, failure to hold above 63,727.55 may drag price toward 61,923.90. **Bullish View:** Sustaining above entry level could take price to 70,875.15 and later test 74,081.60. **Bearish View:** Breakdown below 63,727.55 exposes downside risk toward 61,923.90. ⚠️ **Note:** If 63,727.55 breaks, expect further decline toward deeper supports. ⚠️ πŸ”” Stay tuned for updates on NIFTY NEXT 50 moves! πŸ”” ⏰ **Timeframe:** Daily chart observation. βš–οΈ **Risk Management:** Always use a Stop Loss to safeguard capital. πŸ’‘ This is a trading idea – follow your own strategy. I’d love to hear your views in the comments! βœ… Don’t forget to hit the 'Like' βœ… πŸ™πŸ˜Š & Share with fellow traders. Trade Safe!