4-Hour Chart (Macro Trend)
Structure: The Sensex has re-established its Strong Bullish Momentum. The large bullish candle on Monday has effectively cancelled the aggressive selling seen on Friday, confirming a successful retest and bounce from the lower boundary of the steep ascending channel. The price has reclaimed the critical 84,200 - 84,400 zone.
Key Levels:
Major Supply (Resistance): 85,300 - 85,600. This area (the recent high and the upper channel boundary) is the immediate hurdle. A decisive breakout here is needed to challenge the All-Time High.
Major Demand (Support): 84,200 - 84,400. This area, which includes the lower channel trendline and the FVG (Fair Value Gap), is the must-hold level for the short-term uptrend.
Outlook: The bias is Strongly Bullish. The market is poised to challenge the 85,300 resistance.
1-Hour Chart (Intermediate View)
Structure: The 1H chart shows a clear V-shaped recovery and a Break of Structure (MSS) back to the upside. The price is trading strongly within a newly established ascending channel.
Key Levels:
Immediate Resistance: 85,000 (Psychological mark and upper channel boundary).
Immediate Support: 84,500 (Recent consolidation support/lower channel boundary).
15-Minute Chart (Intraday View)
Structure: The 15M chart confirms the strong reversal. The price is currently trading at the upper end of the daily range, consolidating in a tight pattern right below 85,000. This is a bullish continuation setup.
Key Levels:
Intraday Supply: 85,000.
Intraday Demand: 84,600 (Recent consolidation zone).
Outlook: Aggressively Bullish.
📈 Structure Analysis & Trade Plan: 28th October
Market Outlook: Sensex has shown strong resilience, negating Friday's bearishness. The primary strategy will be to buy on continuation to capitalize on the resumed bullish momentum.
Bullish Scenario (Primary Plan: Continuation)
Justification: The V-shaped recovery and the successful defense of the macro support favor continuation towards the ATH.
Entry: Long entry on a decisive break and 15-minute candle close above 85,000. Alternatively, look for a dip entry near 84,600 - 84,800 (the immediate support zone).
Stop Loss (SL): Place a stop loss below 84,400 (below the lower channel trendline).
Targets:
T1: 85,300 (Previous swing high).
T2: 85,600 (Upper channel boundary/Extension).
Bearish Scenario (Counter-Trend/Reversal)
Justification: High-risk. Only valid if the rally fails aggressively at the 85,000 mark.
Trigger: A sustained break and 1-hour close back below 84,400.
Entry: Short entry below 84,400.
Stop Loss (SL): Above 84,800.
Targets:
T1: 84,200 (FVG support).
T2: 83,900 (Major FVG support).
Key Levels for Observation:
Immediate Decision Point: 84,500 - 85,000 zone.
Bullish Confirmation: Sustained trade above 85,000.
Bearish Warning: A move below 84,400.
Line in the Sand: 84,200. Below this level, the short-term bullish bias is nullified.
Structure: The Sensex has re-established its Strong Bullish Momentum. The large bullish candle on Monday has effectively cancelled the aggressive selling seen on Friday, confirming a successful retest and bounce from the lower boundary of the steep ascending channel. The price has reclaimed the critical 84,200 - 84,400 zone.
Key Levels:
Major Supply (Resistance): 85,300 - 85,600. This area (the recent high and the upper channel boundary) is the immediate hurdle. A decisive breakout here is needed to challenge the All-Time High.
Major Demand (Support): 84,200 - 84,400. This area, which includes the lower channel trendline and the FVG (Fair Value Gap), is the must-hold level for the short-term uptrend.
Outlook: The bias is Strongly Bullish. The market is poised to challenge the 85,300 resistance.
1-Hour Chart (Intermediate View)
Structure: The 1H chart shows a clear V-shaped recovery and a Break of Structure (MSS) back to the upside. The price is trading strongly within a newly established ascending channel.
Key Levels:
Immediate Resistance: 85,000 (Psychological mark and upper channel boundary).
Immediate Support: 84,500 (Recent consolidation support/lower channel boundary).
15-Minute Chart (Intraday View)
Structure: The 15M chart confirms the strong reversal. The price is currently trading at the upper end of the daily range, consolidating in a tight pattern right below 85,000. This is a bullish continuation setup.
Key Levels:
Intraday Supply: 85,000.
Intraday Demand: 84,600 (Recent consolidation zone).
Outlook: Aggressively Bullish.
📈 Structure Analysis & Trade Plan: 28th October
Market Outlook: Sensex has shown strong resilience, negating Friday's bearishness. The primary strategy will be to buy on continuation to capitalize on the resumed bullish momentum.
Bullish Scenario (Primary Plan: Continuation)
Justification: The V-shaped recovery and the successful defense of the macro support favor continuation towards the ATH.
Entry: Long entry on a decisive break and 15-minute candle close above 85,000. Alternatively, look for a dip entry near 84,600 - 84,800 (the immediate support zone).
Stop Loss (SL): Place a stop loss below 84,400 (below the lower channel trendline).
Targets:
T1: 85,300 (Previous swing high).
T2: 85,600 (Upper channel boundary/Extension).
Bearish Scenario (Counter-Trend/Reversal)
Justification: High-risk. Only valid if the rally fails aggressively at the 85,000 mark.
Trigger: A sustained break and 1-hour close back below 84,400.
Entry: Short entry below 84,400.
Stop Loss (SL): Above 84,800.
Targets:
T1: 84,200 (FVG support).
T2: 83,900 (Major FVG support).
Key Levels for Observation:
Immediate Decision Point: 84,500 - 85,000 zone.
Bullish Confirmation: Sustained trade above 85,000.
Bearish Warning: A move below 84,400.
Line in the Sand: 84,200. Below this level, the short-term bullish bias is nullified.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน