Sensex Market Structure Analysis & Trade Plan: 28th August

🔎 Sensex Market Structure

4H Chart

Trend Bias: Bearish channel is intact, price closing below EMA.

Supply Zone: 81,600 – 81,800 (FVG & strong rejection area).

Demand Zone: 80,600 (immediate) and 79,800 (major HTF support).

Outlook: Sellers are in control; bulls need a strong reclaim above 81,200 to change bias.

1H Chart

Current Price: 80,820

Trend: Series of lower highs & lower lows → bearish structure confirmed.

Supply Zone: 81,200 – 81,400 (if price retraces, high probability rejection).

Demand Zone: 80,600 → if broken, 79,800 becomes the key magnet.

Observation: Price is consolidating near demand, but still respecting the bearish channel.

15M Chart

BOS (Break of Structure): Bearish BOS visible below 81,000.

Short-Term Demand: 80,700 – 80,800, currently holding price.

Short-Term Supply: 81,100 – 81,200 (aligned with HTF supply).

Outlook: Any rally into 81,100 – 81,200 should face selling pressure.

📌 Trading Plan for 28th August

🔻 Short Bias (Primary Plan)

Entry: On rejection from 81,100 – 81,200 zone

Target 1: 80,600

Target 2: 79,800 (if momentum strong)

Stoploss: Above 81,400

🔺 Long Bias (Counter-trade, aggressive)

Entry: If price shows strong reversal signals from 80,600 demand

Target: 81,000 – 81,200

Stoploss: Below 80,450

✅ Summary

Bias: Bearish unless 81,200 is reclaimed.

Safe Trade: Sell the rallies into 81,100 – 81,200 supply.

Counter Trade: Only scalp longs near 80,600 with strict risk management.