SENSEX Price Structure Analysis for 19th of March 2026. The day is Thursday.
Summary of the Trading Plan (Hypothesis and Insights):
(i) Monthly TF: The candle is a bearish spinning top. The view is indecision to bearish.
(ii) Weekly TF: The candle seems a bullish piercing. It is not yet bullish engulfing. The view is indecision.
(iii) Daily TF: Back-to-back two-day bullish spinning tops. Bulls are not very confident. The view is indecision.
(iv) 30-minute TF: Price structure is in a higher highs and higher lows structure. The view is indecision to bullish.
(v) No Trading Zone (NTZ): (77000 - 76000).
(vi) Event: Nifty 50 weekly expiry. No other high-impact event. Expect a price anomaly.
(vii) Establish intraday bias with respect to the opening price. Sustainability of price above or below the opening price would dictate session bullish or bearish sentiment, respectively.
(viii) Bullish Scenario Set-Up: Price breaks out level 77000 and sustains. Then the first bullish target is 77500. Next, if the price trades above 77500, then the next bullish target is 78000.
(ix) Bearish Scenario Set-Up: Price breaks down and sustains below level 76000. Then, the first bearish target would be 75500. Don't get lured to short, if the price keeps falling in the first half of the session, as there is an unfilled gap at 76000. In the present price structure, doubt every down move. Wait to short till, price decisively trades below 76000 and shows a sign of reaching 75500.
(x) All the analysis would fail in case there is a major gap up or gap down or a price structure anomaly. Thus, practice PRAGMATISM in the live session.
NOTE:
(i) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always practice RISK MANAGEMENT. Always PROTECT your CAPITAL. Be RESPONSIBLE.
(ii) Mark your point. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Every day is a new day. Therefore, do not carry the baggage of past successes or failures. Always trade with a new perspective. Believe in possibilities.
Happy Trading!
Summary of the Trading Plan (Hypothesis and Insights):
(i) Monthly TF: The candle is a bearish spinning top. The view is indecision to bearish.
(ii) Weekly TF: The candle seems a bullish piercing. It is not yet bullish engulfing. The view is indecision.
(iii) Daily TF: Back-to-back two-day bullish spinning tops. Bulls are not very confident. The view is indecision.
(iv) 30-minute TF: Price structure is in a higher highs and higher lows structure. The view is indecision to bullish.
(v) No Trading Zone (NTZ): (77000 - 76000).
(vi) Event: Nifty 50 weekly expiry. No other high-impact event. Expect a price anomaly.
(vii) Establish intraday bias with respect to the opening price. Sustainability of price above or below the opening price would dictate session bullish or bearish sentiment, respectively.
(viii) Bullish Scenario Set-Up: Price breaks out level 77000 and sustains. Then the first bullish target is 77500. Next, if the price trades above 77500, then the next bullish target is 78000.
(ix) Bearish Scenario Set-Up: Price breaks down and sustains below level 76000. Then, the first bearish target would be 75500. Don't get lured to short, if the price keeps falling in the first half of the session, as there is an unfilled gap at 76000. In the present price structure, doubt every down move. Wait to short till, price decisively trades below 76000 and shows a sign of reaching 75500.
(x) All the analysis would fail in case there is a major gap up or gap down or a price structure anomaly. Thus, practice PRAGMATISM in the live session.
NOTE:
(i) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always practice RISK MANAGEMENT. Always PROTECT your CAPITAL. Be RESPONSIBLE.
(ii) Mark your point. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Every day is a new day. Therefore, do not carry the baggage of past successes or failures. Always trade with a new perspective. Believe in possibilities.
Happy Trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.