NIFTY 50 Bullish Breakout from Descending Channel – Upside MomenNifty 50 IndexNSE_DLY:NIFTYPRIMEALPHA-FX The NIFTY 50 Index has successfully broken above a well-defined descending channel, signaling a potential shift from bearish pressure to bullish momentum. After finding strong support near the **23,100 demand zone**, buyers stepped in aggressively, pushing price above key resistance levels and the Ichimoku Cloud. The breakout is supported by a series of higher highs and higher lows, indicating strengthening bullish sentiment. As long as price remains above the breakout area around **24,000**, the upward move is likely to continue. 🎯 **Target:** **24,437** 🛡️ **Key Support:** **23,100 – 23,150** 📈 **Bullish Scenario:** Sustained trading above 24,000 could drive NIFTY toward the projected target of **24,437**, completing the breakout measured move. ⚠️ **Risk:** A move back below the breakout zone may weaken the bullish outlook and lead to consolidation.