Market Structure Analysis & Trade Plan: 26th August

🔎 Nifty Technical View

Higher Timeframe (4H)

Resistance Zone: 25,200 – 25,300 (supply zone overhead).

Support Zone: 24,900 (immediate) and 24,700 (major demand).

Price tested the 24,900 demand and bounced slightly. Still within a short-term corrective phase inside an upward channel.

Medium Timeframe (1H)

Price is consolidating around 24,950 – 25,000 after a pullback.

Structure is still bullish as long as 24,900 holds.

A clean breakout above 25,050 can re-test 25,200 – 25,300.

But, if 24,900 breaks, momentum could shift bearish toward lower demand.

Lower Timeframe (15M)

Short-term demand OB at 24,920 – 24,950 is active.

Multiple BOS (break of structure) show intraday buyers are still defending, but rejection wicks indicate strong sellers near 25,050.

Key decision point: 24,900 – 24,950 zone.

📌 Trading Plan for 26th August

Long Setup

Trigger: Break & close above 25,050.

Targets: 25,100 → 25,200 → 25,300.

Stop-loss: Below 24,950.

Bias: Go long only on a strong breakout, otherwise avoid chop around 25k.

Short Setup

Trigger: Breakdown & close below 24,900.

Targets: 24,850 → 24,750 → 24,700.

Stop-loss: Above 24,950.

Bias: Play short if 24,900 gives way with momentum.

✅ Summary

Bias: Neutral-to-bullish as long as 24,900 holds.

Key Levels:

Resistance: 25,050 → 25,200 – 25,300.

Support: 24,950 → 24,900 → 24,700.

Tomorrow’s action likely revolves around 24,900 – 25,050 range; breakout or breakdown will decide trend expansion.