NIFTY 50 Rejection & Downside Targets in Focus

NIFTY 50 on the 4H timeframe has reached a key buy side liquidity zone near the upper boundary of an ascending channel. After forming a swing high price shows signs of distribution and potential reversal. A downside move is anticipated toward sell-side liquidity with projected targets at 25,406, 25,019, and 24,607. Bias remains bearish below the recent highs.