NIFTY Approaching Long-Term Trendline Resistance – Breakout or RNifty 50 IndexNSE:NIFTYvickshikNifty is trading near a long-term descending trendline that has been acting as resistance for several months Bullish Scenario A daily close above 23,300 may confirm a breakout. Upside targets: 23,500, 23,800, and 24,000 Bearish Scenario Rejection from the trendline could push Nifty towards 23,000 Further weakness may drag the index to 22,700–22,600. Key Level to Watch: 23,300 A sustained move above this level may indicate a trend reversal, while failure to break the trendline could keep bears in control. Disclaimer: Educational analysis only. Not a buy/sell recommendation.