Sensex Market Structure Analysis & Trade Plan: 15th September

4H Chart (Swing Context)

Trend: Ascending channel formation after a prior downtrend.
Key Zone: Approaching the 81,900–82,150 supply zone.
Previous Break: Impulsive leg broke above 81,200, now acting as potential demand.
Bias: Bullish momentum, but within a significant resistance zone.

1H Chart (Intraday Context)

Structure: Clear higher highs & higher lows (bullish structure).
Support: 81,200 level (former resistance turned demand) showing strong bounces.
Current Action: Consolidating below the 81,900–82,150 supply.
BOS: Confirms buyer dominance, but upside liquidity appears to be thinning.

15m Chart (Execution View)

Action: Sideways consolidation below 81,800.
OB: Order block around 81,100–81,200 acts as support buffer.
FVG: Minor FVGs in 81,300–81,350 zone may offer intraday support.
Channel: Price respecting the ascending channel boundaries.

📝 Trade Plan (15th Sept)

Bullish Scenario

Entry: Buy on retracement near 81,100–81,200 demand zone (OB + structure support).
Targets:
TP1: 81,500 (intraday liquidity)
TP2: 81,900–82,000 (supply zone top & channel resistance)
Stop Loss: Below 81,000 (channel bottom & invalidation).

Bearish Scenario

Entry: Short only on rejection of 81,900–82,150 zone with strong bearish signal (e.g., engulfing).
Targets:
TP1: 81,300 (potential FVG fill)
TP2: 81,100–81,200 (major demand zone/OB)
Stop Loss: Above 82,150.

🎯 Bias

Neutral-to-Bullish. Expecting a potential pullback to 81,100–81,200 before a move towards the 81,900–82,150 resistance.

Caution: If 81,100–81,200 fails, expect downside acceleration towards 80,800–80,600.