🧠 Description:
This is a short trade setup on the Nifty 50 Index (15-minute chart) based on a confluence of key indicators and price action patterns.
🔍 Setup Overview:
The price broke below a minor consolidation zone after rejecting the Fair Value Gap (FVG) and the dynamic EMA resistance.
The bearish bias is confirmed by the structure and a clear lower-high formation, indicating short-term weakness.
📌 Trade Details:
Entry Price: ₹24,388.55
Stop Loss: ₹24,501.75 (above recent swing high and FVG rejection zone)
Target 1: ₹24,246.65
Target 2: ₹24,104.75
Target 3: ₹23,962.85
These targets align with previous demand zones and EMA support areas on higher timeframes.
📊 Indicators Used:
Fair Value Gaps (FVG) to identify supply zones.
Exponential Moving Average (EMA) as a dynamic resistance.
Multi-timeframe screener (bottom-right) confirms bearish pressure across multiple timeframes — strong bearish momentum visible on 5m to 1h charts.
🧩 Trade Logic:
The FVG rejection and price trading below the EMA band suggest weakness. The entry was taken after a confirmation candle closed below the EMA cloud, with low buying volume. Targets are conservative and mapped according to volume gaps and previous consolidation zones.
🔔 Risk-Reward Consideration:
The setup offers a healthy reward-to-risk ratio (~3:1) if price reaches the final target.
📈 Let me know your thoughts or feedback. This is a purely technical setup — no news or macro fundamentals are factored in.
This is a short trade setup on the Nifty 50 Index (15-minute chart) based on a confluence of key indicators and price action patterns.
🔍 Setup Overview:
The price broke below a minor consolidation zone after rejecting the Fair Value Gap (FVG) and the dynamic EMA resistance.
The bearish bias is confirmed by the structure and a clear lower-high formation, indicating short-term weakness.
📌 Trade Details:
Entry Price: ₹24,388.55
Stop Loss: ₹24,501.75 (above recent swing high and FVG rejection zone)
Target 1: ₹24,246.65
Target 2: ₹24,104.75
Target 3: ₹23,962.85
These targets align with previous demand zones and EMA support areas on higher timeframes.
📊 Indicators Used:
Fair Value Gaps (FVG) to identify supply zones.
Exponential Moving Average (EMA) as a dynamic resistance.
Multi-timeframe screener (bottom-right) confirms bearish pressure across multiple timeframes — strong bearish momentum visible on 5m to 1h charts.
🧩 Trade Logic:
The FVG rejection and price trading below the EMA band suggest weakness. The entry was taken after a confirmation candle closed below the EMA cloud, with low buying volume. Targets are conservative and mapped according to volume gaps and previous consolidation zones.
🔔 Risk-Reward Consideration:
The setup offers a healthy reward-to-risk ratio (~3:1) if price reaches the final target.
📈 Let me know your thoughts or feedback. This is a purely technical setup — no news or macro fundamentals are factored in.
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.