🔼 Upside Scenario (Bullish Bias)
Above 24,820:
➤ "Above positive trade view" zone → Bullish momentum expected.
➤ Target Zone: 24,930
➤ Further target: 25,128
(Strong resistance & short-cover possible).
Above 25,128:
➤ Strong breakout area → Possible aggressive short covering.
➤ Bullish continuation possible if it sustains above this level.
🔽 Downside Scenario (Bearish Bias)
Below 24,630:
➤ Breaks opening support.
➤ Next support: 24,538 → Opening resistance turned into potential support.
Below 24,534 – 24,518:
➤ Enters PE (Put Entry) zone.
➤ Weakness increases below 24,516 → Safe zone for PE traders.
➤ Final bear trigger: Below 24,397 → Unwinding possible.
➤ Target zone for heavy downside: 24,300–24,200.
🟡 Sideways / Choppy Zone
Between 24,630 to 24,820:
➤ No clear trend unless breakout.
➤ Stay cautious → scalp only at levels.
📣 Summary View:
Trend Trigger Level Target Range
Bullish Above 24,820 24,930 → 25,128+
Bearish Below 24,630 24,534 → 24,397 → 24,300
Sideways 24,630 – 24,820 Wait for breakout
Above 24,820:
➤ "Above positive trade view" zone → Bullish momentum expected.
➤ Target Zone: 24,930
➤ Further target: 25,128
(Strong resistance & short-cover possible).
Above 25,128:
➤ Strong breakout area → Possible aggressive short covering.
➤ Bullish continuation possible if it sustains above this level.
🔽 Downside Scenario (Bearish Bias)
Below 24,630:
➤ Breaks opening support.
➤ Next support: 24,538 → Opening resistance turned into potential support.
Below 24,534 – 24,518:
➤ Enters PE (Put Entry) zone.
➤ Weakness increases below 24,516 → Safe zone for PE traders.
➤ Final bear trigger: Below 24,397 → Unwinding possible.
➤ Target zone for heavy downside: 24,300–24,200.
🟡 Sideways / Choppy Zone
Between 24,630 to 24,820:
➤ No clear trend unless breakout.
➤ Stay cautious → scalp only at levels.
📣 Summary View:
Trend Trigger Level Target Range
Bullish Above 24,820 24,930 → 25,128+
Bearish Below 24,630 24,534 → 24,397 → 24,300
Sideways 24,630 – 24,820 Wait for breakout
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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.
Related publications
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.