Technical View
Fair Value Gap (FVG):
Price recently dropped sharply, leaving behind an imbalance (FVG).
Current entry lies right at the edge of FVG, suggesting price may reject upon filling this inefficiency.
Bearish Momentum Signs:
Break of upward trendline
Bearish candlestick formations post-high
Multiple price gaps below waiting to be filled, likely due to aggressive buying without consolidation.
Trade Logic
This is a sell-on-rally strategy targeting:
Gap fills
Fair Value Gap rejection
Previous structure lows
If the market continues respecting supply areas (as seen from previous rejection), a move toward 24,600 and below seems plausible.
Risk-Reward
Metric Value
Entry 24,919.1
Stop Loss 25,153.65 (~+234 pts)
Target (TP 1.0) 24,684.55 (~234 pts)
Target (TP 1.5) 24,567.27 (~351 pts)
✅ Strengths of the Setup:
Confluence of FVG + broken trendline.
Gaps below offer natural liquidity magnets.
Clean structure with pre-defined TP levels.
Potential to scale out at different levels (TP0.5, TP1, TP1.5).
Risks / Considerations:
Gap Reversal Risk – NIFTY often fills and bounces back sharply.
High Volatility Zones – Around 24,800 to 24,600, demand may emerge.
Fair Value Gap (FVG):
Price recently dropped sharply, leaving behind an imbalance (FVG).
Current entry lies right at the edge of FVG, suggesting price may reject upon filling this inefficiency.
Bearish Momentum Signs:
Break of upward trendline
Bearish candlestick formations post-high
Multiple price gaps below waiting to be filled, likely due to aggressive buying without consolidation.
Trade Logic
This is a sell-on-rally strategy targeting:
Gap fills
Fair Value Gap rejection
Previous structure lows
If the market continues respecting supply areas (as seen from previous rejection), a move toward 24,600 and below seems plausible.
Risk-Reward
Metric Value
Entry 24,919.1
Stop Loss 25,153.65 (~+234 pts)
Target (TP 1.0) 24,684.55 (~234 pts)
Target (TP 1.5) 24,567.27 (~351 pts)
✅ Strengths of the Setup:
Confluence of FVG + broken trendline.
Gaps below offer natural liquidity magnets.
Clean structure with pre-defined TP levels.
Potential to scale out at different levels (TP0.5, TP1, TP1.5).
Risks / Considerations:
Gap Reversal Risk – NIFTY often fills and bounces back sharply.
High Volatility Zones – Around 24,800 to 24,600, demand may emerge.
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.