Probable Scenario Analysis:
(1) BULLISH SCENARIO:
There is no observable bullish set-up. The first criterion of bullish sentiment to activate is when the price forms a higher highs and lower lows structure above the level 24125. After that, the price must offer a sustainable breakout above the level 24250. If the price sustains above the level 24250, then the probable bullish targets would be 24375 and 24500.
(2) BEARISH SCENARIO:
There is a higher probability for the price to sustain in the bearish phase. Price must form a lower lows and lower highs structure below the level 24000. Then the price must break down below the level 23875. If the price sustains below the level 23875, then the probable bearish targets would be - 23750, 23625, and 23500.
(3) No Trading Zone (NTZ): (24250 - 23875).
(4) Range of Consolidation (ROC): (24250 - 23875).
Strong resistance zone is (24250 - 24125). Strong support zone is (24000 - 23875).
(5) Establish intraday bias with respect to the opening price.
(6) Event: No high-impact event.
(7) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Therefore, practice PRAGMATISM during the live session.
NOTE:
(i) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT. Always PROTECT your CAPITAL. Be RESPONSIBLE.
(ii) Mark your points. Trade your points. Price is GOD. Plan your trade. Trade your plan. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Every day is a new day. Therefore, do not carry the baggage of past successes or failures. Always trade from a new perspective. Believe in Possibilities.
Happy Trading!
(1) BULLISH SCENARIO:
There is no observable bullish set-up. The first criterion of bullish sentiment to activate is when the price forms a higher highs and lower lows structure above the level 24125. After that, the price must offer a sustainable breakout above the level 24250. If the price sustains above the level 24250, then the probable bullish targets would be 24375 and 24500.
(2) BEARISH SCENARIO:
There is a higher probability for the price to sustain in the bearish phase. Price must form a lower lows and lower highs structure below the level 24000. Then the price must break down below the level 23875. If the price sustains below the level 23875, then the probable bearish targets would be - 23750, 23625, and 23500.
(3) No Trading Zone (NTZ): (24250 - 23875).
(4) Range of Consolidation (ROC): (24250 - 23875).
Strong resistance zone is (24250 - 24125). Strong support zone is (24000 - 23875).
(5) Establish intraday bias with respect to the opening price.
(6) Event: No high-impact event.
(7) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Therefore, practice PRAGMATISM during the live session.
NOTE:
(i) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT. Always PROTECT your CAPITAL. Be RESPONSIBLE.
(ii) Mark your points. Trade your points. Price is GOD. Plan your trade. Trade your plan. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Every day is a new day. Therefore, do not carry the baggage of past successes or failures. Always trade from a new perspective. Believe in Possibilities.
Happy Trading!
Note
A minor mistake in the trading plan:Event: There is a high-impact event on 29th April 2026. It is the FED Interest Rate Decision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.