Bearish Momentum: The price is trading below the Breakout Level (22,172.35) and resistance levels, indicating weakness.
Support Holding: The price is near Support-1 (22,061.05). If it holds, a bounce-back may occur; otherwise, further downside is expected.
Lower Highs Formation: Indicates a downtrend continuation unless price reclaims resistance levels.
Trading Insights
Bullish Case: If the price reclaims 22,172.35 and sustains, it may move towards 22,247.45 and 22,335.65.
Bearish Case: If 22,061.05 breaks, the next targets could be 21,960.05 and 21,859.50.
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