📊 Market Structure Analysis
4H Timeframe
Price remains in the broader downtrend channel but is challenging the upper trendline.
Current resistance zone: 24,640–24,700 — price has entered and is testing this area.
Demand base remains intact at 24,330–24,380.
A decisive 4H close above 24,700 would indicate a potential trend shift towards the next supply zone 24,900–24,950.
1H Timeframe
Strong recovery from 24,350 demand seen yesterday.
Multiple rejections near 24,700, confirming sellers’ presence.
If price sustains above 24,650, it could trigger a move towards 24,780–24,800.
Breakdown below 24,560 will shift momentum back to bearish and target 24,430–24,400.
15M Timeframe
Price is consolidating just below resistance.
Micro-structure shows lower highs inside resistance zone — short-term sellers active.
Any break and retest of 24,700 on 15M with strong bullish candle can be an intraday breakout setup.
Support for scalpers: 24,580–24,560 zone.
🎯 Trade Plan for 14th Aug (Nifty)
🔼 Long Setup (Preferred if breakout happens)
Entry: Break and retest of 24,700 with bullish confirmation.
Stop Loss: Below 24,640.
Targets:
T1: 24,780
T2: 24,900–24,950
🔻 Short Setup (If rejection continues at 24,700)
Entry: Bearish rejection candle from 24,640–24,700 supply zone.
Stop Loss: Above 24,720.
Targets:
T1: 24,560
T2: 24,430–24,400
⛔ No-Trade Zones
Inside 24,580–24,640 during sideways price action.
Between 24,430–24,380 until a breakout occurs.
4H Timeframe
Price remains in the broader downtrend channel but is challenging the upper trendline.
Current resistance zone: 24,640–24,700 — price has entered and is testing this area.
Demand base remains intact at 24,330–24,380.
A decisive 4H close above 24,700 would indicate a potential trend shift towards the next supply zone 24,900–24,950.
1H Timeframe
Strong recovery from 24,350 demand seen yesterday.
Multiple rejections near 24,700, confirming sellers’ presence.
If price sustains above 24,650, it could trigger a move towards 24,780–24,800.
Breakdown below 24,560 will shift momentum back to bearish and target 24,430–24,400.
15M Timeframe
Price is consolidating just below resistance.
Micro-structure shows lower highs inside resistance zone — short-term sellers active.
Any break and retest of 24,700 on 15M with strong bullish candle can be an intraday breakout setup.
Support for scalpers: 24,580–24,560 zone.
🎯 Trade Plan for 14th Aug (Nifty)
🔼 Long Setup (Preferred if breakout happens)
Entry: Break and retest of 24,700 with bullish confirmation.
Stop Loss: Below 24,640.
Targets:
T1: 24,780
T2: 24,900–24,950
🔻 Short Setup (If rejection continues at 24,700)
Entry: Bearish rejection candle from 24,640–24,700 supply zone.
Stop Loss: Above 24,720.
Targets:
T1: 24,560
T2: 24,430–24,400
⛔ No-Trade Zones
Inside 24,580–24,640 during sideways price action.
Between 24,430–24,380 until a breakout occurs.
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.