Sensex Structure Analysis & Trade Plan : 8th September

🔎 Multi-Timeframe Market Structure

4H Chart

Price is still respecting the descending channel.

Recent rejection came right from the channel supply + OB zone ~81,600–81,800.

Support demand holds near 80,600–80,750, which has been tested multiple times.

Market is consolidating between 80,600–81,600.

Bias: Range-bound inside larger downtrend. Unless 81,800 breaks, structure remains corrective.

1H Chart

Clear swing high rejection at 81,600.

Price retraced to FVG + demand block around 80,700–80,800, and bounced.

Currently trading near 81,100–81,200 (mid-channel zone).

Liquidity pools visible above 81,600 (short-trap potential).

Bias: Intraday bullish bias from demand zones, but still capped by channel supply.

15M Chart

Short-term MSB → BOS → Retest seen near 80,700.

Price is consolidating just below minor resistance 81,200–81,300.

Imbalances (FVG) left around 80,900–81,000 may get filled if market dips.

Bias: Short-term bullish continuation possible, but supply zones overhead are heavy.

📊 Trade Plan (Next Session)

Bullish Scenario (if demand holds 80,700–80,900)

Entry: 80,900–81,000 (on retest/fill of imbalance).

Targets:

TP1 → 81,300 (minor resistance).

TP2 → 81,600–81,800 (channel supply + OB).

Stop: Below 80,650.

Bearish Scenario (if rejection continues at 81,300–81,600)

Entry: 81,200–81,400 zone (look for rejection candle).

Targets:

TP1 → 80,900.

TP2 → 80,600–80,500 (major demand).

Stop: Above 81,650.

🎯 Summary

Intraday bias: Mildly bullish until 81,600–81,800 is tested.

Swing bias: Still bearish inside descending channel unless a clear breakout >81,800–82,000 occurs.

Best trade idea: Buy dips around 80,900–81,000 with TP towards 81,600, then watch for reversal signs.