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#NIFTY (5min): Nifty hit resistance at 23,540, reversed sharply, and tested 23,500 support .
This forms a Double Top/Resistance Rejection pattern.
Key resistance: 23,540β23,545; key support: 23,465β23,475.
βοΈ Look for a bullish reversal near 23,500 for a long entry (SL: 23,485, Target: 23,540)
β€οΈor short if price breaks below 23,495 (Target: 23,470).
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#Nifty(5min) :- rejected the opening high of 23,535, dropping toward the 23,470β23,480 support.
π₯β€οΈ A breakdown below 23,470 triggers a short entry targeting 23,420 with a stop-loss at 23,500.
βοΈβοΈπConversely, a bullish rejection at 23,470 allows a long entry targeting 23,520.
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