Monday's are notorious for swing lows and highs.

31 thg 8

**📊 NIFTY FUTURES - Potential Bounce Setup from Key Confluence Zone**

**Key Technical Setup:**
• Long-term AVWAP anchored at 21,900 has turned flat, indicating equilibrium
• Multiple selling AVWAPs (red, white, yellow) are converging, suggesting exhaustion of selling pressure
• Market trading within broad consolidation range of 24,000 - 26,000
• Currently positioned at the lower end of this flat zone

**Critical Support Zone: 24,400 - 24,450**
• Strong order block identified in this zone
• Multiple technical confluences align at these levels

**Monday Market Dynamics:**
Mondays historically tend to create swing lows/highs, adding seasonal bias to our technical setup.

**Trade Strategy:**
🎯 **Long Setup:** Look for longs if market tests 24,400 zone and shows recovery
⏰ **Timing:** First hour often sees the low being tested with immediate recovery
🚨 **Risk Management:** Avoid getting trapped on the downside Monday morning

**Market Outlook:**
With selling pressure converging and key support holding, expecting potential bounce during the week. The confluence of technical levels, order flow, and seasonal patterns suggests a higher probability setup for upside participation.

**⚠️ Trade Plan:** Don't chase the downside - wait for the bounce setup to materialize.

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*What are your thoughts on this confluence setup? Drop your views in the comments!*

31 thg 8

Ghi chú

it also looks like head n shoulders break down pattern but India vix is not suggesting any immediate break down as such .

12 thg 9

Ghi chú

TGT seems to be achieved .we are at the upper end of the range