Detailed Market Structure Breakdown
4-Hour Chart (Macro Trend)
Structure: The Sensex is in an accelerated corrective phase, trading within a steep descending channel. The price broke below the 81,800 and 81,000 supports and is now testing the key macro demand zone around 80,400 - 80,600. This area is a significant Bullish Order Block (OB) and a vital horizontal support.
Key Levels:
Major Supply (Resistance): 81,000 - 81,200. This previous support is now the crucial overhead resistance, aligning with the upper boundary of the descending channel.
Major Demand (Support): 80,400 - 80,600. This is the key "line in the sand." A sustained breakdown below 80,300 would signal a deeper correction toward 79,500.
Outlook: The bearish pressure has paused, and the market is attempting to stabilize at a key support. This indicates a potential range-bound trade or a technical bounce.
1-Hour Chart (Intermediate View)
Structure: The 1H chart is strongly bearish, confined to a descending channel. Monday's session saw the price attempt to break below the lower trendline of the channel but failed, resulting in a Doji-like or consolidation candle right on the 80,400 support. This suggests buyers are defending this area.
Key Levels:
Immediate Resistance: The upper trendline of the descending channel, currently near 80,750 - 80,800.
Immediate Support: 80,300. This is the lower boundary of the current demand zone.
15-Minute Chart (Intraday View)
Structure: The 15M chart shows clear consolidation, marked by a tight, sideways movement following the initial morning move. The price made a BOS on the downside but quickly recovered, and is now trading around a minor Order Block (OB) and FVG (Fair Value Gap).
Key Levels:
Intraday Supply: 80,800. This is the high of the recent small consolidation and the immediate resistance.
Intraday Demand: 80,300. The crucial support for the open.
Outlook: Neutral-to-Bullish for the session open, focused on a breakout from the tight consolidation.
Trade Plan (Tuesday, 30th September)
Market Outlook: Sensex is at a major support level. The strategy is to be reactive, waiting for a break of the tight consolidation boundaries.
Bullish Scenario (Reversal/Bounce Plan)
Justification: The strong defense of the 80,400 support and the recovery from the day's low suggest a potential short-covering rally.
Entry: Long entry on a decisive break and 15-minute candle close above 80,800 (breaking the recent consolidation high).
Stop Loss (SL): Below 80,400.
Targets:
T1: 81,000 (Psychological/Channel Resistance).
T2: 81,200 (Previous support/FVG zone).
T3: 81,600 (Major supply zone).
Bearish Scenario (Continuation Plan)
Justification: The continuation of the strong bearish trend following the breakdown of previous structure.
Entry: Short entry on a decisive break and 15-minute candle close below 80,300.
Stop Loss (SL): Place a stop loss above 80,550.
Targets:
T1: 80,000 (Psychological support).
T2: 79,500 - 79,700 (Major 4H demand zone).
Key Levels for Observation:
Immediate Decision Point: The 80,300 - 80,800 zone.
Bearish Confirmation: A break and sustained move below 80,300.
Bullish Confirmation: A recapture of the 80,800 level.
Line in the Sand: 80,300. The market remains under strong bearish pressure below this level.
4-Hour Chart (Macro Trend)
Structure: The Sensex is in an accelerated corrective phase, trading within a steep descending channel. The price broke below the 81,800 and 81,000 supports and is now testing the key macro demand zone around 80,400 - 80,600. This area is a significant Bullish Order Block (OB) and a vital horizontal support.
Key Levels:
Major Supply (Resistance): 81,000 - 81,200. This previous support is now the crucial overhead resistance, aligning with the upper boundary of the descending channel.
Major Demand (Support): 80,400 - 80,600. This is the key "line in the sand." A sustained breakdown below 80,300 would signal a deeper correction toward 79,500.
Outlook: The bearish pressure has paused, and the market is attempting to stabilize at a key support. This indicates a potential range-bound trade or a technical bounce.
1-Hour Chart (Intermediate View)
Structure: The 1H chart is strongly bearish, confined to a descending channel. Monday's session saw the price attempt to break below the lower trendline of the channel but failed, resulting in a Doji-like or consolidation candle right on the 80,400 support. This suggests buyers are defending this area.
Key Levels:
Immediate Resistance: The upper trendline of the descending channel, currently near 80,750 - 80,800.
Immediate Support: 80,300. This is the lower boundary of the current demand zone.
15-Minute Chart (Intraday View)
Structure: The 15M chart shows clear consolidation, marked by a tight, sideways movement following the initial morning move. The price made a BOS on the downside but quickly recovered, and is now trading around a minor Order Block (OB) and FVG (Fair Value Gap).
Key Levels:
Intraday Supply: 80,800. This is the high of the recent small consolidation and the immediate resistance.
Intraday Demand: 80,300. The crucial support for the open.
Outlook: Neutral-to-Bullish for the session open, focused on a breakout from the tight consolidation.
Trade Plan (Tuesday, 30th September)
Market Outlook: Sensex is at a major support level. The strategy is to be reactive, waiting for a break of the tight consolidation boundaries.
Bullish Scenario (Reversal/Bounce Plan)
Justification: The strong defense of the 80,400 support and the recovery from the day's low suggest a potential short-covering rally.
Entry: Long entry on a decisive break and 15-minute candle close above 80,800 (breaking the recent consolidation high).
Stop Loss (SL): Below 80,400.
Targets:
T1: 81,000 (Psychological/Channel Resistance).
T2: 81,200 (Previous support/FVG zone).
T3: 81,600 (Major supply zone).
Bearish Scenario (Continuation Plan)
Justification: The continuation of the strong bearish trend following the breakdown of previous structure.
Entry: Short entry on a decisive break and 15-minute candle close below 80,300.
Stop Loss (SL): Place a stop loss above 80,550.
Targets:
T1: 80,000 (Psychological support).
T2: 79,500 - 79,700 (Major 4H demand zone).
Key Levels for Observation:
Immediate Decision Point: The 80,300 - 80,800 zone.
Bearish Confirmation: A break and sustained move below 80,300.
Bullish Confirmation: A recapture of the 80,800 level.
Line in the Sand: 80,300. The market remains under strong bearish pressure below this level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.