A technical analysis of the Nifty 50 chart

Trend Analysis: The chart appears to show a cup-and-handle pattern; the price is currently around the handle, potentially indicating an accumulation phase before a breakout.
Key Levels
Resistance Levels:

22,265.50: A significant resistance level where price could encounter selling pressure.
22,171.60 & 22,200.00: Also notable resistance points where price has previously stalled.
Support Levels:

22,080.30: A key support level, where price may find buying interest.
22,039.55: Another support area that could prevent further decline.
Trading Strategy
Bullish Scenario:

Entry Point: Consider entering long positions if the price breaks above resistance at 22,200.00 with strong volume.
Target Price: Aim for 22,265.50.
Stop-Loss: Set a stop-loss around 22,080 to manage risk.
Bearish Scenario:

Entry Point: If the price breaks below 22,080.30, consider shorting.
Target Price: Look for a target around 21,880.30 or lower if momentum continues.
Stop-Loss: Place the stop-loss above 22,100 to minimize potential losses.
Indicators & Signals
If available, consider adding volume analysis to confirm breakouts or reversals.
Look for additional confirmation from oscillators (e.g., RSI or MACD) to gauge overbought/oversold conditions.
Summary
Monitor price action around key support and resistance levels, watching for breakout or breakdown signals. Ensure to manage risk with appropriate stop-loss orders, and adjust your strategy based on market dynamics.