Nifty Bank Index
Largo

Banknifty Structure Analysis & Trade Plan: 12th September

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🔎 Market Structure Analysis

4H Chart (Swing Bias)

Price has been respecting the rising channel since early September.

A clean Break of Structure (BOS) is visible around 54,600, confirming higher-highs formation.

Price is currently consolidating just under the resistance zone 54,800–55,000 (OB + supply zone).

EMA (54,470) is acting as dynamic support, keeping the bullish structure intact.

Major demand zone rests at 54,000–54,200, aligning with channel midline support.

✅ Bias: Bullish-to-Neutral, but supply overhead at 54,800–55,000 could act as a short-term ceiling.

1H Chart (Intraday Bias)

A series of BOS events confirming short-term bullish momentum.

Price tested supply near 54,800, rejected, and is now hovering around 54,600–54,650.

OB + FVG zones present at 54,250–54,400 — a likely liquidity grab area if market retraces.

Upside liquidity resting above 55,000.

✅ Bias: Cautiously bullish as long as 54,250 holds.

15M Chart (Execution Zone)

Price is consolidating inside 54,600–54,700 range after rejecting 54,800 zone.

Liquidity pools marked below 54,400 and above 54,800 — both sides vulnerable for sweep before clear direction.

If liquidity below 54,400 is taken, expect a bullish reaction.

If upside liquidity above 54,800 is swept, rejection from supply can trigger a sell-off.

✅ Bias: Liquidity-driven moves — careful entry required.

📌 Trade Plan for 12th Sept

Long Setup (With Trend)

Entry Zone: 54,250–54,400 (OB + FVG demand).

Target 1: 54,750

Target 2: 55,000 (liquidity sweep zone)

SL: Below 54,100

⚠️ Entry valid only if price holds demand and shows bullish rejection wick / engulfing candle on 15M.

Short Setup (Countertrend at Supply)

Entry Zone: 54,800–55,000 (supply zone + liquidity pool).

Target 1: 54,500

Target 2: 54,200

SL: Above 55,150

⚠️ Look for rejection patterns like bearish engulfing / long upper wick at supply.

Key Notes

Structure still favors bullish continuation, but supply zones are very close.

Avoid chasing — best trades are from 54,250–54,400 demand zone OR 54,800–55,000 supply zone.

Intraday volatility likely to sweep both sides before clear trend emerges.

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