NIFTY BREAKDOWN CONFIRMED | BEARISH TARGETS ACTIVE!

Nifty has already broken down from a well-formed descending wedge pattern on the 4-hour timeframe, backed by a strong volume spike — a classic sign of institutional selling pressure.

Additionally, the MACD has turned decisively bearish, further confirming the momentum shift to the downside.


TRADE SETUP (ACTIVE IDEA)
• Status: Breakdown already confirmed
• Target: 24,177
• Stop Loss: 24,594
• Risk-Reward: Favorable short setup post-breakdown



TECHNICAL HIGHLIGHTS
• Breakdown of descending wedge already in play
• High volume confirms conviction behind the move
• MACD bearish crossover supports downside bias
• Room for further weakness toward key support at 24,170


OBSERVATION

Price may retest the breakdown zone, but as long as it stays below 24,594, the bearish structure remains intact.