📊 Market Structure Analysis
4H Timeframe
Price is still respecting the downtrend channel with lower highs and lower lows.
Supply Zones:
24,680–24,720 (recent rejection area).
24,900–24,950 (major HTF supply).
25,300–25,350 (macro supply).
Demand Zone:
24,350–24,400 (strong prior reaction and buying pressure).
Price failed to break 24,700, confirming sellers are still active at this level.
Trend shift confirmation on 4H would require a sustained close above 24,720.
1H Timeframe
Clear rejection from 24,680–24,700 supply after a retest.
Price now approaching the mid-demand area around 24,450–24,430.
If this zone breaks, price could retest the main demand 24,350–24,400.
Lower high formation visible — suggests bearish bias unless 24,700 is reclaimed.
15M Timeframe
Structure has shifted bearish after the intraday rejection from supply.
Currently trading near the bottom of today’s range (24,480).
Short-term bounce possible from 24,450–24,430, but sellers likely to re-enter around 24,600–24,620.
🎯 Trade Plan for 13th Aug (Nifty)
🔻 Short Setup (Preferred if price stays below 24,600–24,620)
Entry: On rejection from 24,600–24,620.
Stop Loss: Above 24,670.
Targets:
T1: 24,450
T2: 24,350–24,400 (demand zone).
🔼 Long Setup (Only if price reclaims 24,700)
Entry: Break and retest of 24,700 as support.
Stop Loss: Below 24,650.
Targets:
T1: 24,900–24,950 (supply zone).
T2: 25,300 (macro supply).
⛔ No-Trade Zones
24,450–24,500 if price consolidates — risk of whipsaws.
Inside 24,600–24,620 without a decisive breakout.
4H Timeframe
Price is still respecting the downtrend channel with lower highs and lower lows.
Supply Zones:
24,680–24,720 (recent rejection area).
24,900–24,950 (major HTF supply).
25,300–25,350 (macro supply).
Demand Zone:
24,350–24,400 (strong prior reaction and buying pressure).
Price failed to break 24,700, confirming sellers are still active at this level.
Trend shift confirmation on 4H would require a sustained close above 24,720.
1H Timeframe
Clear rejection from 24,680–24,700 supply after a retest.
Price now approaching the mid-demand area around 24,450–24,430.
If this zone breaks, price could retest the main demand 24,350–24,400.
Lower high formation visible — suggests bearish bias unless 24,700 is reclaimed.
15M Timeframe
Structure has shifted bearish after the intraday rejection from supply.
Currently trading near the bottom of today’s range (24,480).
Short-term bounce possible from 24,450–24,430, but sellers likely to re-enter around 24,600–24,620.
🎯 Trade Plan for 13th Aug (Nifty)
🔻 Short Setup (Preferred if price stays below 24,600–24,620)
Entry: On rejection from 24,600–24,620.
Stop Loss: Above 24,670.
Targets:
T1: 24,450
T2: 24,350–24,400 (demand zone).
🔼 Long Setup (Only if price reclaims 24,700)
Entry: Break and retest of 24,700 as support.
Stop Loss: Below 24,650.
Targets:
T1: 24,900–24,950 (supply zone).
T2: 25,300 (macro supply).
⛔ No-Trade Zones
24,450–24,500 if price consolidates — risk of whipsaws.
Inside 24,600–24,620 without a decisive breakout.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.