4-Hour Chart (Swing Context)
Trend: The Sensex index is currently in an ascending channel formation after a prior downtrend.
Key Zone: The price is approaching the 82,700-82,800 supply zone, which is a significant resistance area.
Previous Break: The price has broken above the 81,800 level, which is now acting as a potential demand zone.
Bias: The overall momentum is bullish, but the price is currently within a major resistance zone.
1-Hour Chart (Intraday Context)
Structure: The price action is forming a clear pattern of higher highs and higher lows, indicating a bullish structure.
Support: The 81,800 level, which was previously resistance, is now acting as a support zone and showing strong bounces.
Current Action: The price is currently consolidating below the 82,700-82,800 supply zone.
BOS: The buying order flow is still dominant, but the upside liquidity appears to be thinning.
15-Minute Chart (Execution View)
Action: The price is in a sideways consolidation pattern below the 82,650 level. OB: The order block around 81,700-81,800 is acting as a support buffer.
FVG: Minor FVGs in the 82,000-82,100 zone may offer intraday support.
Channel: The price is respecting the ascending channel boundaries.
Trade Plan (18th September)
Bullish Scenario
Entry: Buy on a retracement towards the 81,700-81,800 demand zone (OB + structure support).
Targets:
TP1: 82,400 (intraday liquidity)
TP2: 82,700-82,800 (supply zone top & channel resistance)
Stop Loss: Below 81,600 (channel bottom & invalidation).
Bearish Scenario
Entry: Short on a rejection of the 82,700-82,800 supply zone with a strong bearish signal (e.g., engulfing candle).
Targets:
TP1: 82,100 (potential FVG fill)
TP2: 81,700-81,800 (major demand zone/OB)
Stop Loss: Above 82,800.
Bias: Neutral-to-Bullish. Expecting a potential pullback to 81,700-81,800 before a move towards the 82,700-82,800 resistance zone.
Caution: If the 81,700-81,800 demand zone fails to hold, expect a further downside acceleration towards 81,500-81,300.
Trend: The Sensex index is currently in an ascending channel formation after a prior downtrend.
Key Zone: The price is approaching the 82,700-82,800 supply zone, which is a significant resistance area.
Previous Break: The price has broken above the 81,800 level, which is now acting as a potential demand zone.
Bias: The overall momentum is bullish, but the price is currently within a major resistance zone.
1-Hour Chart (Intraday Context)
Structure: The price action is forming a clear pattern of higher highs and higher lows, indicating a bullish structure.
Support: The 81,800 level, which was previously resistance, is now acting as a support zone and showing strong bounces.
Current Action: The price is currently consolidating below the 82,700-82,800 supply zone.
BOS: The buying order flow is still dominant, but the upside liquidity appears to be thinning.
15-Minute Chart (Execution View)
Action: The price is in a sideways consolidation pattern below the 82,650 level. OB: The order block around 81,700-81,800 is acting as a support buffer.
FVG: Minor FVGs in the 82,000-82,100 zone may offer intraday support.
Channel: The price is respecting the ascending channel boundaries.
Trade Plan (18th September)
Bullish Scenario
Entry: Buy on a retracement towards the 81,700-81,800 demand zone (OB + structure support).
Targets:
TP1: 82,400 (intraday liquidity)
TP2: 82,700-82,800 (supply zone top & channel resistance)
Stop Loss: Below 81,600 (channel bottom & invalidation).
Bearish Scenario
Entry: Short on a rejection of the 82,700-82,800 supply zone with a strong bearish signal (e.g., engulfing candle).
Targets:
TP1: 82,100 (potential FVG fill)
TP2: 81,700-81,800 (major demand zone/OB)
Stop Loss: Above 82,800.
Bias: Neutral-to-Bullish. Expecting a potential pullback to 81,700-81,800 before a move towards the 82,700-82,800 resistance zone.
Caution: If the 81,700-81,800 demand zone fails to hold, expect a further downside acceleration towards 81,500-81,300.
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.