SENSEX: Bearish Breakdown & Clean Move! 📉
The Setup
Structure: Sensex faced heavy resistance at the 77,050 mark, forming a clear supply zone.
Price Action: After a brief consolidation, price broke below the trendline support and the 50-period EMA (orange line).
Execution: A clean short entry was triggered near 77,000 as momentum shifted bearish.
Key Levels
Entry: ~77,000 (Trendline breakdown EMA crossover)
Stop Loss: ~77,090 (Above the supply zone)
Target Hit: ~76,650 (Major demand zone support)
The Verdict
A solid 1:4 Risk-to-Reward trade. The index sliced through previous support levels, finding its base right at the expected liquidity area.
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