Is Nifty Heading for a Breakdown?

Monitor the swing low at 23,263 recorded on Nov 28, 2024. I strongly feel that if this level is breached, it could signal the beginning of a lower-low and lower-high pattern for Nifty, indicating a potential bearish trend. We must stay vigilant for confirmation and assess broader market conditions for additional cues. Anyone here with chart analysis expertise help confirm this observation? What are your thoughts?