After Multiple Rejections, Is Nifty Healthcare Finally Breaking Out?
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I’ve been closely tracking Nifty Healthcare on a 1% P&F chart, and the 15,000 - 15,100 zone has clearly acted like a strong resistance since 2024.
Every time price approached this level, it faced rejection. That kind of repeated reaction usually signals strong supply sitting there.
But now, something interesting is unfolding.
After multiple attempts, price is finally trying to push above this zone. In technical analysis, we often say that the more a level is tested, the weaker it becomes mainly because sellers at that level gradually get absorbed.
So this becomes a crucial moment.
If price manages to hold above this zone, it could be a strong indication that resistance is finally flipping into support which may open the door for the next leg higher.
Will this breakout sustain and build momentum? Or will it turn into yet another rejection?
Just sharing an observation from the charts for discussion and learning purposes. Would like to hear others’ views.!
