l analysis for NVIDIA Corporation (NVDA) based on your chart:

Current Price: 182.18

Pre-Market Price: 183.21

Trend: Short-term bullish recovery inside a broader corrective phase.

Technical Breakdown

Descending Channel (Trade Line)

NVDA recently traded inside a downward-sloping channel, showing controlled selling pressure.

The breakout above the upper trade line suggests a short-term bullish correction phase.

Resistance Zone

A strong resistance level lies between 183.00 and 184.00.

This zone aligns with previous highs and may act as a reversal area if the price fails to break above it.

Expected Move

The chart projection shows a potential rejection near the resistance level, followed by a pullback towards the 176.71 target area.

This indicates that the current upward move might be corrective before another bearish swing.

Trade Scenarios
📉 Bearish Reversal Scenario (Primary Setup)

Entry Zone: 183.00 – 184.00 (resistance area)

Confirmation: Bearish rejection candlestick pattern or a failed breakout.

Target: 176.71

Stop Loss: Above 184.50

Comment: Ideal short setup if price rejects resistance.

📈 Bullish Breakout Scenario (Alternative)

Entry: Above 184.50 with strong bullish momentum.

Target: 186.50 – 187.00

Comment: A breakout and hold above resistance would invalidate the short setup and indicate further upside.

Summary Table
Bias Key Level Confirmation Target Notes
Bearish (Primary) 183 – 184 Rejection candle 176.71 Short setup
Bullish (Alternative) Above 184.50 Breakout candle 186.5 – 187 Upside continuation
Conclusion

NVIDIA (NVDA) is approaching a crucial resistance level. The most probable scenario is a bearish reversal from the 183–184 zone, targeting 176.71. However, a confirmed breakout above 184.50 would signal bullish continuation toward 187.00. KBCA UMI AZE KBC ABI GBLB LOTB NYXH PROX SIP ABO AGFB SAP NSE CON HCL BREA