Sensex Market Structure Analysis & Trade Plan: 12th August

Market Structure Overview

4H Timeframe:

Price has been in a clear downtrend channel with lower highs and lower lows.

Recent bounce from the 79,750–80,000 demand zone with a strong bullish candle.

Price is now testing the channel resistance, indicating possible short-term selling pressure.

Immediate supply zones are around 80,900–81,100 and 81,500–81,750.

1H Timeframe:

Price broke short-term structure to the upside but is yet to confirm a sustained breakout from the downtrend channel.

Momentum is slowing as it approaches first supply zone (80,700–80,900).

Bulls need a clean break and retest above 81,000 for higher targets.

15M Timeframe:

Sharp recovery rally from the demand zone.

First rejection seen near the channel top, suggesting possible intraday pullback.

Support now lies at 80,250–80,300 intraday; breaking below can retest 80,000 zone.

📍 Key Zones

Demand (Support) Zones

79,750–80,000 → Major swing demand; strong reaction zone.

78,500–78,750 → Next HTF support if breakdown happens.

Supply (Resistance) Zones

80,700–80,900 → First hurdle; intraday sellers may be active.

81,500–81,750 → Strong HTF supply zone.

82,750–83,000 → Major resistance; trend reversal level.

🚫 No-Trade Zones

80,250–80,500 → Choppy consolidation area with mixed signals; avoid entries here unless breakout/ breakdown confirmed.

Between first supply (80,900) and demand (80,300) if price keeps whipsawing without clear momentum.

📈 Trade Plan

Bullish Scenario

Break and retest above 80,900 can target 81,500–81,750 zone.

Aggressive entry possible if 15M forms bullish FVG or OB retest near 80,300 while holding above demand.

Bearish Scenario

Rejection at 80,700–80,900 and break below 80,250 can trigger move to 80,000, and if broken, to 79,750 and 78,750.

Watch for 1H bearish BOS + retest for safe shorts.