Sensex Structure Analysis & Trade Plan: 2nd September

🔹 4H Chart (Swing Bias)

Trend: Clear downtrend with consecutive lower lows inside a red channel.

Recent Move: Price bounced strongly from the 79,800–79,600 demand zone.

FVG: Price is currently reacting to the Fair Value Gap (80,300–80,600).

Resistance: 80,800–81,200 supply + FVG above.

Bias: Temporary relief rally, but macro remains bearish until 81,200 breaks convincingly.

🔹 1H Chart (Intraday Bias)

Structure: Break of structure (BOS) on the upside after strong rejection from 79,800 demand.

Momentum: Short-term bullish push, filling the first FVG around 80,300–80,600.

Liquidity: Buyside liquidity resting near 80,800–81,000 zone.

Bias: Price likely to continue towards 80,800 before facing supply pressure.

🔹 15M Chart (Execution Bias)

Current Setup: Price is consolidating just above the lower demand (80,200–80,300).

OBs: A bullish OB at 80,100–80,200 could serve as intraday support.

Targets: Immediate target = 80,600; Extended = 80,800.

Stops: Below 79,950 (previous swing low).

📌 Trade Plan for Tomorrow

Primary Bias: Buy on Dips (Intraday Relief Rally)

Entry 1 (Aggressive): 80,200–80,300 retest zone (OB + demand + FVG overlap).

Entry 2 (Conservative): If price sweeps 79,950 and reclaims 80,100 → long setup.

Target 1: 80,600 (FVG fill).

Target 2: 80,800 (liquidity sweep & supply zone).

Stop Loss: Below 79,950 (swing low).

Invalidation: If price closes below 79,800 on 1H → bias flips back bearish, expect 79,400–79,200.

✅ Summary:

Swing bias = Bearish (still inside down channel).

Intraday bias = Bullish relief rally toward 80,800.

Execution = Look for dip buys near 80,200 with SL below 79,950.