๐น MTF Demand Zones (All Showing BUY Bias)
Yearly Demand: 18,887 โ 15,183 (Avg 17,035) โ BUY
6 Month Demand: 21,801 โ 18,837 (Avg 20,319) โ BUY
Quarterly Demand: 24,226 โ 21,964 (Avg 23,095) โ BUY
Monthly Demand: 24,174 โ 21,281 (Avg 22,728) โ BUY
Weekly Demand: 24,365 โ 23,847 (Avg 24,106) โ BUY
Daily Demand: 24,164 โ 23,935 (Avg 24,050) โ BUY
โก๏ธ Bias: Strongly bullish across all higher timeframes (HTF, MTF, ITF).
๐น GANN Analysis
Stay Long Above: 23,452 โ 23,362.5 โ Support Zone
Stay Short Below: 23,362.5 โ 23,273 โ Breakdown Zone
Current Status: NIFTY is in Weekly Supply Zone (24,180 โ 24,792) โ Expect resistance.
๐น Trade Setups
Entry 1 (Aggressive Long at Weekly Demand)
Entry: 24,365
SL: 23,935
Risk: 430
Target: 25,655
Reward: 1,290
RR: 3.0
Entry 2 (Conservative Long at Daily Demand)
Entry: 24,164
SL: 23,935
Risk: 229
Target: 25,454
Reward: 1,290
RR: 5.6
Combined Average Plan
Entry Avg: 24,265
SL: 23,935
Risk: 330
Target: 25,555
Reward: 1,290
RR: 3.9
โ NIFTY Strategy Conclusion
Trend Alignment:
HTF, MTF, ITF all show BUY DEMAND zones โ bias is bullish.
GANN View:
Stay Long above 23,452โ23,362 (strong base support).
Risk of short only if breaks below 23,273.
Trade Execution:
Best Risk-Reward: Entry 2 at 24,164, RR = 5.6
Average Plan balances both: RR = 3.9
Target Zones:
Near-term target = 25,454โ25,655
Beyond that โ watch for breakout >25,655 for trend continuation.
๐ My take: The higher conviction trade is Entry-2 (24,164), since it has the tightest SL (229 pts) with the highest RR (5.6), while still aligning with all demand zones.
Yearly Demand: 18,887 โ 15,183 (Avg 17,035) โ BUY
6 Month Demand: 21,801 โ 18,837 (Avg 20,319) โ BUY
Quarterly Demand: 24,226 โ 21,964 (Avg 23,095) โ BUY
Monthly Demand: 24,174 โ 21,281 (Avg 22,728) โ BUY
Weekly Demand: 24,365 โ 23,847 (Avg 24,106) โ BUY
Daily Demand: 24,164 โ 23,935 (Avg 24,050) โ BUY
โก๏ธ Bias: Strongly bullish across all higher timeframes (HTF, MTF, ITF).
๐น GANN Analysis
Stay Long Above: 23,452 โ 23,362.5 โ Support Zone
Stay Short Below: 23,362.5 โ 23,273 โ Breakdown Zone
Current Status: NIFTY is in Weekly Supply Zone (24,180 โ 24,792) โ Expect resistance.
๐น Trade Setups
Entry 1 (Aggressive Long at Weekly Demand)
Entry: 24,365
SL: 23,935
Risk: 430
Target: 25,655
Reward: 1,290
RR: 3.0
Entry 2 (Conservative Long at Daily Demand)
Entry: 24,164
SL: 23,935
Risk: 229
Target: 25,454
Reward: 1,290
RR: 5.6
Combined Average Plan
Entry Avg: 24,265
SL: 23,935
Risk: 330
Target: 25,555
Reward: 1,290
RR: 3.9
โ NIFTY Strategy Conclusion
Trend Alignment:
HTF, MTF, ITF all show BUY DEMAND zones โ bias is bullish.
GANN View:
Stay Long above 23,452โ23,362 (strong base support).
Risk of short only if breaks below 23,273.
Trade Execution:
Best Risk-Reward: Entry 2 at 24,164, RR = 5.6
Average Plan balances both: RR = 3.9
Target Zones:
Near-term target = 25,454โ25,655
Beyond that โ watch for breakout >25,655 for trend continuation.
๐ My take: The higher conviction trade is Entry-2 (24,164), since it has the tightest SL (229 pts) with the highest RR (5.6), while still aligning with all demand zones.
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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.