https://www.tradingview.com/x/hjO89iXE/https://www.tradingview.com/x/hjO89iXE/Nifty Analysis & Trade Plan – Trend Shift & Key Levels
📌 Market Structure & Trend Analysis
Daily Time Frame: The trend has shifted to a downtrend after a Change of Character (ChoCh) below 23,875.
Weekly Time Frame: The POI has been tapped, aligning with the daily trend shift.
Monthly Time Frame: The price has broken below an Internal Daily Market Structure (IDM), indicating potential further downside.
📌 Consolidation & Breakout Scenarios
Current Price Action: Nifty has been consolidating within the same price zone for the past 5 days.
Key Reference Levels:
Previous Low: 21,964
Resistance Breakout Level: If price breaks above this consolidation, we can expect a fast rally towards ₹23,050.
Failure to Create New High: If the price fails to break and sustain above consolidation, we could see a downmove towards ₹21,500 – ₹21,250.
📌 Trading Plan & Confirmation Strategy
Bullish Confirmation:
Price needs to break and hold above the consolidation zone.
A successful breakout can trigger a rapid move towards ₹23,050.
Bearish Confirmation:
If price fails to create a new high and rejects consolidation, watch for a break below ₹21,964, leading to a move towards ₹21,500 – ₹21,250.
Adaptive Trading: As traders, we must stay flexible and adjust our trading plan based on real-time price action.
📌 Final Thoughts
This analysis focuses on price behavior after consolidation and the swipe method to determine high-probability trade setups. Stay patient, wait for confirmation, and react to price movements accordingly.
📌 Market Structure & Trend Analysis
Daily Time Frame: The trend has shifted to a downtrend after a Change of Character (ChoCh) below 23,875.
Weekly Time Frame: The POI has been tapped, aligning with the daily trend shift.
Monthly Time Frame: The price has broken below an Internal Daily Market Structure (IDM), indicating potential further downside.
📌 Consolidation & Breakout Scenarios
Current Price Action: Nifty has been consolidating within the same price zone for the past 5 days.
Key Reference Levels:
Previous Low: 21,964
Resistance Breakout Level: If price breaks above this consolidation, we can expect a fast rally towards ₹23,050.
Failure to Create New High: If the price fails to break and sustain above consolidation, we could see a downmove towards ₹21,500 – ₹21,250.
📌 Trading Plan & Confirmation Strategy
Bullish Confirmation:
Price needs to break and hold above the consolidation zone.
A successful breakout can trigger a rapid move towards ₹23,050.
Bearish Confirmation:
If price fails to create a new high and rejects consolidation, watch for a break below ₹21,964, leading to a move towards ₹21,500 – ₹21,250.
Adaptive Trading: As traders, we must stay flexible and adjust our trading plan based on real-time price action.
📌 Final Thoughts
This analysis focuses on price behavior after consolidation and the swipe method to determine high-probability trade setups. Stay patient, wait for confirmation, and react to price movements accordingly.
Trade active
Price needs to break and hold above the consolidation zone.A successful breakout can trigger a rapid move towards ₹23,050.topday nifty price high 23216
Trade closed: target reached
🚀 NIFTY Target Achieved! 🚀🎯 NIFTY hit our projected target of ₹23,050! ✅
As analyzed and shared on TradingView, we anticipated a fast rally, and the market moved exactly as expected! 📈🔥
At OODA ProTraders, we focus on precise technical analysis and Smart Money Concepts (SMC) to identify high-probability market moves. Another successful forecast in the books! 💡✨
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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.