Technical Analysis 23rd June :
No Trading Zone & Breakout Levels
Key Zone Identification: 25131 – 24970
We have identified a No Trading Zone between 25131 and 24970, where market indecision is likely. Traders are advised to wait for a clear breakout confirmation before entering any positions. Here's a structured analysis of possible market movements based on 15-minute candle closures: (Technical Analysis 23rd June)
🔼 Bullish Scenario: Upside Breakout Above 25131
-
If a 15-minute candle closes above 25131, it will confirm bullish momentum.
- ✅ Target 1: 25221
- ✅ Target 2: 25338
- ⚠️ Caution: If a candle crosses above 25131 but closes below it, it is a false breakout. In such a case, prepare for a short-side trade as per the below setup.
🔽 Bearish Scenario: False Breakout Reversal
-
If price crosses above 25131 but closes below it:
- 🔻 Target 1: Today’s Closing Price or 25030
- 🔻 Target 2: 24970
🔽 Downside Breakout: Below 24970
-
If a 15-minute candle closes below 24970, it signals bearish breakdown.
- 🔻 Target 1: 24865
- 🔻 Target 2: 24702
🔼 Support Holds: Reversal from Below 24970
-
If price crosses below 24970 but the candle closes above it, this indicates a recovery or bear trap.
- ✅ Target 1: 25131
- ✅ Target 2: 25221
Summary Table
| Condition | Signal | Action | Target 1 | Target 2 |
|---|---|---|---|---|
| 15m Close Above 25131 | Bullish | Buy | 25221 | 25338 |
| Crosses 25131 but Closes Below | Bearish Reversal | Sell | 25030 / Today’s Close | 24970 |
| 15m Close Below 24970 | Bearish | Sell | 24865 | 24702 |
| Crosses 24970 but Closes Above | Bullish Reversal | Buy | 25131 | 25221 |
📱Friendly Trading Tip
👉 Always wait for a 15-minute candle close to confirm direction before entering a trade. Avoid getting trapped in false breakouts within the 25131–24970 zone.
.