🔍 Chart Overview
Index: Nifty 50 (NSE)
Timeframe: 4H
Current Price: 24,563.50
Bias: Bullish, but awaiting retracement
🧠 Market Structure Analysis
✅ 1. Trendline Breakout
Long-term descending trendline has been clearly broken, signaling a shift from bearish to bullish structure.
Strong bullish move post-breakout confirms momentum on the buy side.
🧱 2. Key Supply and Demand Zones
Zone Type Price Range Comment
Demand Zone 1 24,150 – 24,300 Strong structure zone, likely to hold on first retest
Demand Zone 2 23,500 – 23,750 Deeper retracement support, highly reactive
Demand Zone 3 22,900 – 23,100 Last stronghold; potential for swing reversal if tested
Supply Zone 25,000 – 25,300 Short-term resistance before bullish continuation
Target Zone 26,250 – 26,500 Next major upside target
🔄 Two Potential Bullish Scenarios Drawn
🅰️ Scenario 1: Shallow Pullback
Retrace to Demand Zone 1 (24,150–24,300)
Bounce and continuation toward 25,000 → 26,000+
Quick retest of structure support → higher high
🅱️ Scenario 2: Deeper Pullback
Break below Zone 1, retest Zone 2 or 3 (as deep as 23,000)
Strong demand and liquidity here could fuel a massive rally toward 26,000
This offers better risk-to-reward for long-term buyers
✅ Bullish Confluences
Signal Description
✅ Trendline Breakout Major signal for bullish reversal
✅ Higher High Formed Structure confirms bulls are in control
✅ Clean Demand Zones Zones are respected and visible
✅ Liquidity Grab Below Potential trap move below 24,000 to grab liquidity before continuation
✅ Fibonacci Confluence Likely overlap with 50–61.8% retracement (not shown, but expected)
❌ Invalidation Level
If price closes below 22,900, it may indicate a breakdown and trend reversal.
Watch for signs of bullish absorption around this level.
📊 Trade Idea: Buy on Dip
Entry Area Stop Loss Target 1 Target 2 Risk:Reward
24,150–24,300 23,950 25,200 26,250 ~1:3
23,500–23,700 23,200 25,200 26,250+ ~1:4
Disclaimer:
The information provided in this post/video/chart is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell any security, financial product, or instrument.
I am not a SEBI-registered investment advisor. All trading and investing decisions are at your own risk. Past performance does not guarantee future results. Always consult with a qualified financial advisor before making any financial decisions.
Index: Nifty 50 (NSE)
Timeframe: 4H
Current Price: 24,563.50
Bias: Bullish, but awaiting retracement
🧠 Market Structure Analysis
✅ 1. Trendline Breakout
Long-term descending trendline has been clearly broken, signaling a shift from bearish to bullish structure.
Strong bullish move post-breakout confirms momentum on the buy side.
🧱 2. Key Supply and Demand Zones
Zone Type Price Range Comment
Demand Zone 1 24,150 – 24,300 Strong structure zone, likely to hold on first retest
Demand Zone 2 23,500 – 23,750 Deeper retracement support, highly reactive
Demand Zone 3 22,900 – 23,100 Last stronghold; potential for swing reversal if tested
Supply Zone 25,000 – 25,300 Short-term resistance before bullish continuation
Target Zone 26,250 – 26,500 Next major upside target
🔄 Two Potential Bullish Scenarios Drawn
🅰️ Scenario 1: Shallow Pullback
Retrace to Demand Zone 1 (24,150–24,300)
Bounce and continuation toward 25,000 → 26,000+
Quick retest of structure support → higher high
🅱️ Scenario 2: Deeper Pullback
Break below Zone 1, retest Zone 2 or 3 (as deep as 23,000)
Strong demand and liquidity here could fuel a massive rally toward 26,000
This offers better risk-to-reward for long-term buyers
✅ Bullish Confluences
Signal Description
✅ Trendline Breakout Major signal for bullish reversal
✅ Higher High Formed Structure confirms bulls are in control
✅ Clean Demand Zones Zones are respected and visible
✅ Liquidity Grab Below Potential trap move below 24,000 to grab liquidity before continuation
✅ Fibonacci Confluence Likely overlap with 50–61.8% retracement (not shown, but expected)
❌ Invalidation Level
If price closes below 22,900, it may indicate a breakdown and trend reversal.
Watch for signs of bullish absorption around this level.
📊 Trade Idea: Buy on Dip
Entry Area Stop Loss Target 1 Target 2 Risk:Reward
24,150–24,300 23,950 25,200 26,250 ~1:3
23,500–23,700 23,200 25,200 26,250+ ~1:4
Disclaimer:
The information provided in this post/video/chart is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell any security, financial product, or instrument.
I am not a SEBI-registered investment advisor. All trading and investing decisions are at your own risk. Past performance does not guarantee future results. Always consult with a qualified financial advisor before making any financial decisions.
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.