Banknifty Structure Analysis & Trade Plan: 11th September

📊 Market Structure Analysis

🔹 4H Chart

Price has broken out of the short-term downtrend channel and is trading within a rising parallel channel.

Current level: 54,532.

Immediate resistance zone: 54,800 – 55,400 (supply area + FVG).

Immediate support: 54,200 – 54,000 (recent OB + EMA zone).

Trend: Short-term bullish structure but still testing supply zones.

🔹 1H Chart

Strong Break of Structure (BOS) seen above 54,300.

Price is consolidating just below resistance (54,600 – 54,800).

EMA slope is positive, supporting upward bias.

Key liquidity: Buyside liquidity resting above 54,800.

🔹 15M Chart

Price rejected from 54,600 resistance and is now retesting mid-channel support.

Multiple OB + FVG supports in 54,200 – 54,300 area.

Liquidity sweep likely before next move (either up to 54,800+ or breakdown).

🎯 Trade Plan for 11th September

🔹 Long Setup (Bullish Bias)

Entry Zone: 54,200 – 54,300 (OB + EMA support).

Target 1: 54,600

Target 2: 54,800 – 55,000 (liquidity sweep area).

Stop Loss: Below 54,000 (channel + OB invalidation).

🔹 Short Setup (If rejection holds)

Entry Zone: 54,600 – 54,800 (supply rejection).

Target 1: 54,300

Target 2: 54,000

Stop Loss: Above 55,000 (clear BOS against bearish plan).

⚖️ Bias Summary

Primary Bias: Bullish → long from dips towards 54,200 targeting 54,800+.

Alternate Bias: Bearish rejection if 54,600 supply holds → target back to 54,000.