🔎 Market Structure Analysis
4H Chart (Higher Timeframe Bias)
Trend: Price is still in a broader downtrend channel, though it recently attempted a bounce.
Key Resistance Zone: 24,650 – 24,700 (current rejection zone).
Support Zone: 24,350 – 24,400 (green demand zone).
Observation: Price has tested resistance and is struggling to break above. Sellers are defending this supply area strongly.
1H Chart (Intermediate View)
Trend: Recent up-move has stalled at 24,650–24,700 supply.
Structure: Multiple wicks into the supply zone showing rejection.
Support: 24,400 remains crucial. If broken, momentum may extend downside.
Bias: Sideways to bearish until a clear breakout.
15M Chart (Execution View)
Current Action: Price consolidating within the 24,600–24,700 range.
Intraday Resistance: 24,680–24,700 (supply overhead).
Intraday Support: 24,500–24,550 minor zone, then 24,400 major zone.
Setup: Small range-bound moves, awaiting breakout for momentum.
📌 Trade Plan for 18th August (Monday)
1. Bullish Scenario
Trigger: Sustained breakout above 24,700 with volume.
Upside Targets:
24,850 (first target)
25,000 (next target, major supply)
Stop-Loss: Below 24,600 (re-entry into range invalidates breakout).
2. Bearish Scenario
Trigger: Rejection from 24,650–24,700 supply and breakdown below 24,500.
Downside Targets:
24,400 (first support)
24,300–24,250 (extended target, demand zone)
Stop-Loss: Above 24,700 (if shorting from supply zone).
3. Range-Bound / Neutral Scenario
If price remains between 24,500–24,700, avoid over-trading.
Focus on quick scalps inside the range until a clean breakout confirms direction.
🎯 Key Levels to Watch
Resistance Zones: 24,650 – 24,700 | 24,850 | 25,000
Support Zones: 24,500 | 24,400 | 24,300
✅ Summary:
Nifty is at a make-or-break zone. Monday’s plan is simple:
Above 24,700 → look for longs targeting 24,850–25,000.
Below 24,500 → look for shorts targeting 24,400–24,300.
Stay neutral if trapped inside 24,500–24,700 range.
4H Chart (Higher Timeframe Bias)
Trend: Price is still in a broader downtrend channel, though it recently attempted a bounce.
Key Resistance Zone: 24,650 – 24,700 (current rejection zone).
Support Zone: 24,350 – 24,400 (green demand zone).
Observation: Price has tested resistance and is struggling to break above. Sellers are defending this supply area strongly.
1H Chart (Intermediate View)
Trend: Recent up-move has stalled at 24,650–24,700 supply.
Structure: Multiple wicks into the supply zone showing rejection.
Support: 24,400 remains crucial. If broken, momentum may extend downside.
Bias: Sideways to bearish until a clear breakout.
15M Chart (Execution View)
Current Action: Price consolidating within the 24,600–24,700 range.
Intraday Resistance: 24,680–24,700 (supply overhead).
Intraday Support: 24,500–24,550 minor zone, then 24,400 major zone.
Setup: Small range-bound moves, awaiting breakout for momentum.
📌 Trade Plan for 18th August (Monday)
1. Bullish Scenario
Trigger: Sustained breakout above 24,700 with volume.
Upside Targets:
24,850 (first target)
25,000 (next target, major supply)
Stop-Loss: Below 24,600 (re-entry into range invalidates breakout).
2. Bearish Scenario
Trigger: Rejection from 24,650–24,700 supply and breakdown below 24,500.
Downside Targets:
24,400 (first support)
24,300–24,250 (extended target, demand zone)
Stop-Loss: Above 24,700 (if shorting from supply zone).
3. Range-Bound / Neutral Scenario
If price remains between 24,500–24,700, avoid over-trading.
Focus on quick scalps inside the range until a clean breakout confirms direction.
🎯 Key Levels to Watch
Resistance Zones: 24,650 – 24,700 | 24,850 | 25,000
Support Zones: 24,500 | 24,400 | 24,300
✅ Summary:
Nifty is at a make-or-break zone. Monday’s plan is simple:
Above 24,700 → look for longs targeting 24,850–25,000.
Below 24,500 → look for shorts targeting 24,400–24,300.
Stay neutral if trapped inside 24,500–24,700 range.
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.