Nifty Structure Analysis & Trade Plan: 17th September

4-Hour Chart (Swing Context)

Trend: The market is currently in an ascending channel formation after a prior downtrend.

Key Zone: The price is approaching the 25,200-25,300 supply zone, which is a significant resistance area.

Previous Break: The price has broken above the 25,100 level, which is now acting as a potential demand zone.

Bias: The overall momentum is bullish, but the price is currently within a major resistance zone.

1-Hour Chart (Intraday Context)

Structure: The price action is forming a clear pattern of higher highs and higher lows, indicating a bullish structure.

Support: The 25,100 level, which was previously resistance, is now acting as a support zone and showing strong bounces.

Current Action: The price is currently consolidating below the 25,200-25,300 supply zone.

BOS: The buying order flow is still dominant, but the upside liquidity appears to be thinning.

15-Minute Chart (Execution View)

Action: The price is in a sideways consolidation pattern below the 25,250 level.

OB: The order block around 25,050-25,100 is acting as a support buffer.

FVG: Minor FVGs in the 25,150-25,180 zone may offer intraday support.

Channel: The price is respecting the ascending channel boundaries.

Trade Plan (17th September)

Bullish Scenario

Entry: Buy on a retracement towards the 25,050-25,100 demand zone (OB + structure support).

Targets:
TP1: 25,200 (intraday liquidity)
TP2: 25,300 (supply zone top & channel resistance)
Stop Loss: Below 24,950 (channel bottom & invalidation).

Bearish Scenario

Entry: Short on a rejection of the 25,200-25,300 supply zone with a strong bearish signal (e.g., engulfing candle).

Targets:
TP1: 25,150 (potential FVG fill)
TP2: 25,050-25,100 (major demand zone/OB)
Stop Loss: Above 25,300.

Bias: Neutral-to-Bullish. Expecting a potential pullback to 25,050-25,100 before a move towards the 25,200-25,300 resistance zone.

Caution: If the 25,050-25,100 demand zone fails to hold, expect a further downside acceleration towards 24,800-24,600.