CNXFINANCE | Channel Broken — Liquidity Sits BelowNifty Financial Services IndexNSE_DLY:CNXFINANCEBigBeluga📊 Daily Timeframe On the Daily, #CNXFINANCE (Nifty Financial Services Index) had been in a healthy uptrend, riding inside a clean ascending channel and printing a series of BOS to the upside. That picture changed sharply. Price broke down out of the channel and printed a clear CHoCH — the first structural signal that the trend was flipping. From there it sold off aggressively, then bounced to correct and tapped right back into the Flip Zone (26,831.75 – 27,294.95), where sellers stepped in and rejected price once again. With price now trading around 26,329.30 and back below that supply, the bias is bearish. There's a stack of sell-side liquidity (SSL) resting below that price looks set to hunt: first 24,557.75, then the deeper pool at 23,353.40, and the major SSL all the way down at 22,317.50. ⏱️ 1H Timeframe On the 1H, price had been moving inside a descending channel and has now broken it to the upside — a short-term corrective push. The key here is structure: as long as the ascending trendlines hold, this bounce can extend a little further. But once price breaks below those rising trendlines, that's the trigger for the next aggressive leg down toward the sell-side targets resting below. 🎯 The Game Plan Daily bias: bearish — channel break + clear CHoCH, now rejecting from the Flip Zone (26,831.75 – 27,294.95). 1H context: a corrective push out of a descending channel; the bearish trigger is a break below the rising trendlines. Targets: SSL at 24,557.75, then 23,353.40, then the major pool at 22,317.50. Invalidation: a strong reclaim and close back above the Flip Zone. 📰 Fundamental Backdrop The technical shift lines up with the broader picture for Indian financials. CNXFINANCE tracks the country's leading banks, NBFCs, and insurers, making it one of the most sentiment-sensitive sector gauges on the NSE — driven by domestic flows, rate expectations, and global risk appetite. After an extended uptrend, a structural break like this one tends to draw fresh attention to the index, making the current supply zone a key area to watch as the trend attempts to turn lower. This analysis will be updated as the market evolves. If this breakdown added value, drop a like 👍 and a comment 💬 to support the work — and share where you see the index heading next! Best Regards, BigBeluga 🐳