NIFTY FUTURES (1-Hour Chart) – BTST & Swing Trading Analysis
Based on the chart provided:
A strong bullish breakout candle has emerged from the 23,400–23,450 accumulation zone.
Price has broken above the descending trendline and the important resistance zone around 23,641.
Current price is consolidating after the breakout, which is generally bullish if support holds.
Volume expansion during the breakout confirms institutional participation.
BTST (Buy Today Sell Tomorrow)
Aggressive Entry
Buy: 23,900 – 23,940
Stop Loss: 23,840
Targets
Target 1: 24,020
Target 2: 24,110
Target 3: 24,250
Risk-Reward
Approximately 1:3
Swing Trading Setup (3–10 Trading Days)
Ideal Buy-on-Dips Zone
Entry Zone: 23,820 – 23,880
Swing Stop Loss
SL: 23,620 (Hourly Closing Basis)
Swing Targets
| Target | Level |
|---|---|
| T1 | 24,110 |
| T2 | 24,350 |
| T3 | 24,600 |
| T4 | 24,900 |
Bearish Scenario
The bullish setup becomes invalid if:
Hourly close below 23,840
Daily close below 23,620
In that case:
Short Setup
Sell Below: 23,620
Targets:
23,450
23,300
23,100
Stop Loss: 23,760
Probability Assessment
| Scenario | Probability |
|---|---|
| Bullish Continuation | 70% |
| Sideways Consolidation | 20% |
| Bearish Breakdown | 10% |
Trading View
The chart currently favors buy-on-dips rather than fresh shorts. The breakout above the falling trendline and resistance at 23,641 suggests a potential move toward 24,100–24,350 in the coming sessions, provided price remains above 23,840.
BTST Strategy: Buy above 23,900 with SL 23,840 and aim for 24,110–24,250.
Swing Strategy: Accumulate near 23,850 with SL 23,620 and hold for 24,350+ targets.
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