SENSEX Outlook | Breakout / Rejection at the 50% Fibonacci LevelSENSEX Trading Plan | August 6, 2026
📊 Market Bias: Neutral to Bullish Above 78,642
The chart indicates a strong intraday recovery from the day's low, with buyers stepping in aggressively after a prolonged decline. Price is now approaching the 50% Fibonacci retracement (78,642), which is the key decision level for today's session.
🟢 Bullish Scenario
Buy Above: 78,642 (50% Fibonacci Level)
A sustained move above 78,642 would indicate that buyers have regained short-term control.
Upside Targets
🎯 Target 1: 78,769
🎯 Target 2: 78,919
🎯 Target 3: 79,060
Bullish Confirmation
✅ 15-minute candle closing above 78,642
✅ Higher highs and higher lows continue
✅ Strong buying volume
🔴 Bearish Scenario
Failure to cross 78,642 may result in rejection from Fibonacci resistance.
Sell Below: 78,454
Downside Targets
🎯 Target 1: 78,308
🎯 Target 2: 78,138
Bearish Confirmation
✅ Rejection near Fibonacci resistance
✅ Lower high formation
✅ Increase in selling volume
Key Technical Observations
📌 Strong Intraday Reversal
The sharp recovery after making fresh intraday lows indicates aggressive buying interest.
📌 Fibonacci Resistance
The 50% retracement (78,642) is acting as today's pivot.
A breakout above it can trigger momentum buying.
📌 V-Shaped Recovery
The recovery resembles a V-shaped reversal, which often signals short-covering followed by fresh buying if resistance is cleared.
📌 Momentum Shift
Short-term momentum has shifted from bearish to neutral. A decisive move above resistance would strengthen the bullish case.
Trading Strategy
Bullish Traders
Wait for confirmation above 78,642. Avoid buying into resistance without a confirmed breakout.
Bearish Traders
Watch for rejection around 78,642.
A failed breakout could offer a short-term selling opportunity toward the support levels.
Risk Management
Risk only 1–2% of trading capital per trade.
Use confirmed candle closes rather than entering on spikes.
Trail stop-loss as the trade moves in your favor.
Avoid chasing extended candles.
Trading Thesis
"The battle is centered around the 50% Fibonacci retracement at 78,642. A sustained breakout could open the path toward 79,060, while rejection may send Sensex back to retest 78,308–78,138. Today's session is likely to be driven by price action around this pivot rather than market sentiment alone."
Disclaimer
This analysis is shared strictly for educational and informational purposes. It is not financial or investment advice. Always perform your own research, use proper risk management, and trade according to your own strategy.
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❤️ Market Wisdom to Remember: ❤️
⭐ Trade what you see, not what you assume
⭐ Follow the trend — it's your only true friend
⭐ The chart tells the real story — trust it
⭐ Emotions & assumptions have no place in trading
⭐ Capital protection comes first — always
💡 Your support matters! Like, comment, and follow to stay updated and motivated.
Cheers & Trade Smart! 🚀
#Sensex #SensexExpiry #TechnicalAnalysis #TradingView #PriceAction #StockMarket #IntradayTrading #GlobusCapitas SENSEX | Daily Analysis | Breakout or Rejection?SENSEX 15-Minute Outlook: Consolidation Near Resistance – Breakout or Rejection?
The SENSEX 15-minute chart is approaching a decisive inflection point after recovering from recent lows. Price has reclaimed short-term support but is now trading just below a well-defined resistance zone. This area will likely determine the next intraday directional move.
Technical View
The recent recovery has been constructive, but momentum is beginning to slow as buyers encounter supply near the 77,300–77,200 resistance zone. Multiple candles are clustering below resistance, indicating that both buyers and sellers are preparing for a larger move.
As long as price remains above the immediate support zone, the short-term bullish structure remains intact. However, failure to break resistance could invite another wave of profit booking.
Bullish Scenario
A sustained breakout and close above 77,300 could trigger fresh buying momentum.
Potential Upside Targets:
🎯 Target 1: 77,450
🎯 Target 2: 77,600
🎯 Target 3: 77,750
A successful breakout would indicate renewed strength and may attract momentum traders looking to ride the next leg higher.
Bearish Scenario
If buyers fail to overcome resistance and price breaks below 77,000, bearish momentum could accelerate.
Potential Downside Targets:
🎯 Target 1: 76,880
🎯 Target 2: 76,720
🎯 Target 3: 75,570
A breakdown below support would invalidate the current recovery and shift short-term control back to sellers.
Trading Strategy
✅ Buy only after a confirmed breakout above resistance with strong candle confirmation.
✅ Sell only after a confirmed breakdown below support.
⚠️ Avoid initiating positions inside the current consolidation range, where false breakouts and increased volatility are more likely.
Disclaimer
This analysis is shared strictly for educational and informational purposes. It is not financial or investment advice. Always perform your own research, use proper risk management, and trade according to your own strategy.
🔔 Subscribe for daily market insights, swing trade setups, and institutional-style technical analysis.
❤️ Market Wisdom to Remember: ❤️
⭐ Trade what you see, not what you assume
⭐ Follow the trend — it's your only true friend
⭐ The chart tells the real story — trust it
⭐ Emotions & assumptions have no place in trading
⭐ Capital protection comes first — always
💡 Your support matters! Like, comment, and follow to stay updated and motivated.
Cheers & Trade Smart! 🚀 SENSEX Analysis [For 02.06.2026: Thursday]Probable Scenario Analysis of SENSEX for the 02nd of July, 2026. The day is Thursday.
🟢 Bullish Scenario
If the price sustains at least 30 minutes above the level of 77000, then a weak bullish move to the level of 77250 is expected. Next, if the price breaks out above the level of 77250, then the probable bullish targets would be - 77500, 77750, and 78000.
🔴 Bearish Scenario
The level of 76500 is a make-or-break level. If the level of 76500 is broken, then there will be sharp selling. The probable bearish targets below the level of 76500 are - 76250, 76000, 75750, and 75500.
🟡 No Trading Zone (NTZ): (77000 - 76500).
Here, the zone of (76750 - 76500) is strong support.
⏺ Range of Consolidation (ROC): (77500 - 76500).
Here, 77000 is the median of ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
● Event
There is no high-impact event this week. However, there is the U.S. Independence Day Holiday on Friday (03rd of July). On Thursday, there is SENSEX weekly expiry. Therefore, we can expect a price anomaly.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Top-Down Analysis
- Monthly TF: The month is slightly above the close of previous month's closing. Level 76500 seems to be a strong support. Level 77500 seems to be a strong resistance. The view is indecision.
- Weekly TF: Three-week candle combination looks like a rounding top. Back-to-back three doji candles. The market is highly indecisive. A sustainable break out above the level of 77500 would ensure bullish continuation. A sustainable break down below the level of 76500 would ensure bearish continuation. The view is indecision.
- Daily TF: For 12 days, the price is in a range-bound consolidation. The consolidation looks like a rounded top. Level 77500 is strong resistance. Level 76500 seems to be a strong support. If the price breaks down below the level of 76500, then there might be a sharp sell-off till the level of 76000. The view is indecisive.
- 30-minute TF: The price is in a range-bound consolidation. There is no observable trend. The view is indecision.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! SENSEX Price Structure Analysis [For 10.06.2026: Wednesday]Probable Scenario Analysis of SENSEX Price Structure for the 10th of June, 2026. The day is Wednesday.
(1) Bullish Scenario:
If the price sustains above the level of 74000, there will be weak bullish moves. The probable weak bullish targets above the level of 74000 are - 74250 and 74500. There will be strong resistance at the level of 74500. Next, if the price decisively starts to trade above the level of 74500, then the probable strong bullish targets would be - 74750, 75000, and 75250.
(2) Bearish Scenario:
Level 73500 is a crucial support. SENSEX has taken support four times at the level of 73500. Thus, think of bearish trades only if the level 73500 is broken down. In that case, the probable weak bearish targets below the level 73500 would be - 73250 and 73000. Level 73000 would act as strong support. Next, if SENSEX breaks down below the level 73000, then the probable strong bearish targets would be - 72750 and 72500.
(3) No Trading Zone (NTZ): (74000 - 73500).
(4) Range of Consolidation (ROC): (74500 - 73500).
Here, the level 74000 is the median of the ROC. Price staying above or below the median would decide range-bound bullishness or bearishness, respectively. A strong bullish move would be observed if the price breaks out above the level 74500. On the contrary, a strong bearish move would be observed if the price breaks down below the level 73500.
(5) Event:
There is no high-impact event this week. There are also no holidays this week.
(6) Establish intraday bias with respect to the opening price. If price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
Top-Down Analysis:
(1) Monthly TF:
Lower-lows and lower-highs structure is intact. Level 75000 is strong resistance. We still cannot trust up moves unless the price sustains above level 75000. Level 73500 seems to be strong support. The view is bearish as there is no evidence of bullishness yet.
(2) Weekly TF:
Lower-lows and lower-highs structure is intact. This week's candle is green and inside the previous week. Maybe it is a bearish trend pause. Level 75000 is strong resistance. Doubt all the up move. All the bullish moves should be captured in the intraday only. Taking an overnight bullish position will be risky as the market structure is weak. However, it is also not conducive to shorting the market. Level 73500 is strong support. The view is bearish as there is no evidence of bullishness yet.
(3) Daily TF:
Lower-lows and lower-highs structure is intact. Strong resistance is at 74500. Only a break out above level 74500 would offer some bullish hope. The daily candle formed on 08th June is a "gravestone doji." It is a sign of bearish trend exhaustion. Next, the candle of 09th June is a red hammer that closed above the previous day. It is a sign of arresting the bearish trend. Think of bearish trades only if the price breaks down below the level 73500. However, if it stays above the level 74000, stay bullish. But also doubt the up move, as there is no evidence of bullishness. Bullish hope will emerge once the price decisively trades above the level 74500. The view is bearish to indecision.
(4) 30-minute TF:
Lower-lows and lower-highs structure is intact. Strong support level is 73500. Don't short unless price sustains below the level 73500. No trading zone (NTZ) is (74000 - 73500). There will be a mild (or weak) bullish move in the zone of (74000 - 74500). A strong bullish move is only possible once the price offers a break out above the level 74500. The view is bearish to indecision.
NOTE:
(i) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
(iii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
(iv) Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
(v) Be Strategic. Be Courageous. Be Patient. Be Wise.
(vi) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
(vii) Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! SENSEX Price Structure Analysis [For 05.06.2026: Friday]Probable Scenario Analysis for the 05th of June, 2026. The day is Friday.
(1) Bullish Scenario:
Presently, the price is in an indecision zone. There is no clear trend. The first sign of bullishness will emerge the moment the price breaks out and sustains above the level 74750. There is an unfilled gap also. An underconfident bullish target above the level 74750 is 75000. Level 75000 would act as strong resistance. Next, if the price sustains above the level 75000, then the confident bullish targets would be - 75250 and 75500.
(2) Bearish Scenario:
It looks like bears are getting exhausted. There is no observable bearish setup. The zone (74000 - 73750) would act as a strong support zone. However, if price decisively starts to trade below the level 73750, then an underconfident bearish setup would activate. The underconfident bearish target below the level 73750 is 73500. Level 73500 would act as strong support. Next, if price breaks down below the level 73500, then there will be sharp selling. The confident bearish levels below the level 73500 are - 73250 and 73000.
(3) No Trading Zone (NTZ): (74750 - 73750).
Here, the strong resistance zone is (74750 - 74500) , and the strong support zone is (74000 - 73750) . For effective trend identification, the price needs to either break out or break down from the NTZ. If price stays in the NTZ, then don't execute a directional strategy. Go for a non-directional strategy.
(4) Range of Consolidation (ROC): (75000 - 73500).
Here, the median of the ROC is 74250 . If the price sustains above the median (74250), then there will be a higher probability of the price reaching the upper region of the ROC (i.e., 75000). However, if the price remains below the median (74250), then there will be a higher probability of the price reaching the lower region of the ROC (i.e., 73500). Presently, the price is trading slightly above the median. So, we can form an indecisive to bullish bias.
(5) Event:
There is no expiry on Friday (05.06.2026). However, there are two high-impact events - (i) RBI Interest Rate Decision (at 10:00 AM - during market hours) and (ii) GDP Growth Rate Data Release (at 04:00 PM - after market closing). Next, it is the last day of the week. Lastly, geopolitical turmoil is omnipresent. Thus, trade with extra caution on the day of the high-impact event. If price action is not clear, avoid trading.
(6) Establish intraday bias with respect to the opening price. If price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
Top-Down Analysis:
(1) Monthly TF:
The lower-lows and lower-highs structure is intact. There is no sign of bullishness. Level 75500 is strong resistance. Level 74000 is strong support. The view is bearish.
(2) Weekly TF:
The lower-lows and lower-highs structure is intact. Candles are red. There is no sign of bullishness. Level 75500 is strong resistance. Level 74000 is strong support. The view is bearish.
(3) Daily TF:
Considering the candles of the last three days, it looks like bulls are arresting the fall. Maybe it is a sign of arresting the downtrend. However, the lower-lows and lower-highs structure is still intact. Level 75000 seems to be a strong resistance. Level 74000 seems to be a strong support. The view is indecisive to bearish.
(4) 30-minute TF:
The market has been ranging for four days. Though there is extreme volatility, the price is range-bound. The lower-lows and lower-highs structure is intact. The strong resistance zone is (74750 - 74500). The strong support zone is (74000 - 73750). Strong bullishness can be observed only above 75000. Strong bearishness can be observed only below the level 73500. However, the market is too volatile and indecisive. Maybe it is due to two high-impact events on the same day. The view is indecisive.
NOTE:
(i) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
(iii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
(iv) Always PRACTICE RISK MANAGEMENT . Always PROTECT YOUR CAPITAL . Be RESPONSIBLE.
(v) Be Strategic. Be Courageous. Be Patient. Be Wise.
(vi) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
(vii) Let the joy of trading drive your effectiveness , not greed or fear. Believe in Possibilities.
Happy Trading! SENSEX Price Structure Analysis [05/05/2026: Tuesday]Probable Scenario Analysis:
(1) BULLISH SCENARIO:
For a bullish set-up to emerge, the price must give a break out above the level 78000 and sustain. Then the probable bullish targets would be - 78500, 79000, and 79500.
(2) BEARISH SCENARIO:
For a bearish set-up to emerge, the price must form a lower-lows and lower highs structure below the level of 76500. Next, if the price gives a breakdown below the level 76000 and sustains, then the probable bearish targets would be - 75500, 75000, and 74500.
(3) Establish intraday bias with respect to the opening price.
(4) No Trading Zone (NTZ): (77500 - 76500).
(5) Range of Consolidation (ROC): (78000 - 76000).
Trading in this zone would be very difficult. We have to wait for either a breakout or a breakdown from this zone. Trading within this range should be swift and scalping-type.
(6) Event: No high-impact event. However, there is a NIFTY 50 weekly expiry (Tuesday). Thus, expect a price anomaly. Lastly, geopolitical issues and Trump Tantrums are always there. Anything can happen.
(7) All the analyses would fail in the case of a major gap up, gap down, and price structure anomaly. Thus, practice PRAGMATISM in the live session .
Top-Down Analysis:
(1) Monthly TF:
This is the first day of the month. A green doji is formed above the green spinning top of the previous month. Very strong resistance 78000. Strong support 76000. The view is indecision.
(2) Weekly TF:
Back-2-back 2 weeks are doji (indecision) candles. For five weeks, the SENSEX has been struggling in the same range. There is no trend. Very strong resistance 78000. Strong support 76000. The view is indecision.
(3) Daily TF:
The market is in a non-trending range-bound market. For a bullish trend, the price needs to break out above the level of 78000. For a bearish trend, the price needs to break down below the level 76000. The view is indecision.
(4) 30-minute TF:
The market is in a non-trending range-bound market. For a bullish trend, the price needs to break out above the level of 78000. For a bearish trend, the price needs to break down below the level 76000. The view is indecision.
NOTE:
(i) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT . Always PROTECT your CAPITAL . BE RESPONSIBLE.
(ii) Mark your points. Trade your points. Price is GOD . Plan your trade. Trade your plan. 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. Thus, do not carry the baggage of the past successes or failures. Always trade from a new perspective. Believe in Possibilities.
Happy Trading! SENSEX Price Structure Analysis [04/05/2026: Monday]Probable Scenario Analysis:
(1) BULLISH SCENARIO:
There is no bullish scenario observable in the existing price action. Price needs first to form a higher highs and lower lows structure above the level 78000. After that, the price must break out above the level 78500 and sustain. If the price starts to trade above the level 78500, then the probable bullish targets would be - 79000, 80000, and 80500.
(2) BEARISH SCENARIO:
There is no bearish scenario observable in the existing price action. Price needs to first give a breakdown below the level 76000. If the price starts to trade below the level 76000, then the probable bearish targets would be 75500, 75000, and 74500. At level 74500, the price would receive good support as the unfilled gap would be filled.
(3) No Trading Zone (NTZ): (78000 - 76000).
Presently, the price is trapped in a ' diamond contraction .' It is a classical price contraction (complex correction pattern). We have to wait for a breakout or breakdown.
(4) Range of Consolidation (ROC): (79000 - 76000).
For the past 1 month, the price has been contracting and moving range-bound in the present ROC. Trading will be very difficult in this range. Trend clarity will only be achieved after a strong breakout or breakdown.
(5) Event: 2026 Legislative Assembly Election Result of 4 States and 1 U.T. on 04th May (Monday). It is a high-impact event. There is no expiry on Monday. It is the first day of the month and a trading session after a three-day-long weekend holiday. EXPECT MAJOR PRICE ANOMALY . Maybe the markets will be crazy. IF POSSIBLE, AVOID TRADING ON THE HIGH IMPACT EVENT . Lastly, geopolitical volatility due to 'Trump's Tantrums' is always there. We can't help with that.
(6) Establish intraday bias with respect to the opening price.
(7) All the analyses would fail in the case of a major gap up, gap down, or price anomaly. Since 04th of May is a high-impact event, there is a high probability that the trading plan won't work. So, be judicious while trading on the high-impact event.
Top-Down Analysis:
(1) Monthly TF:
The monthly candle is a bullish spinning top. The candle is formed exactly in the middle of the previous month's abdomen. It looks like a 'bullish harami' pattern. Maybe it is a sign of trend reversal. But not sure. Major resistance is 78000. Major support is 76000. The view is indecision to bullish.
(2) Weekly TF:
This week's candle looks like a grave stone doji (or shooting star maybe). The candle is formed at the bottom of last week's red candle. It is a sign of trend exhaustion. Maybe bullishness is exhausting. There is selling pressure. Doubt every up move unless price gives a major breakout above the level 78000. Level 76000 is a major support. If level 76000 is broken, then the price would slide down to 75000. Price is below 9-20 EMA bearish crossover, as well as 20-50 EMA bearish crossover. Also, the price is trading below 100 EMA (flatish). The view is indecision.
(3) Daily TF:
Price is in a major range-bound consolidation. Major resistance is 78000. Major support is 76000. Price is trading exactly at the 20 EMA. Price is trading below all the rest of the EMAs (9, 50, 100, 150, and 200). Unless the price sustains above the 50 EMA (equivalent to level 78000) for at least 1 day, all the upmoves should be doubted. For a confident bullish trade, the price must trade above the level 78000 for at least 2 days. On the other hand, if the price breaks down below the level of 76000, then maybe there will be a free fall. Presently, price is trading in the - No Trading Zone (NTZ): (78000 - 76000). The view is indecision.
(4) 30-minute TF:
From a charting perspective, a head and shoulder (H&S) is formed. Presently, price is trapped in a classical 'diamond pattern.' It is a form of complex correction. There is an unfilled gap till level 74500. Presently, price is trading in the - No Trading Zone (NTZ): (78000 - 76000). We have to wait for a breakdown or a breakout. The view is indecision.
NOTE:
(i) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT . Always PROTECT your CAPITAL . BE RESPONSIBLE.
(ii) Mark your points. Trade your points. Price is GOD. Plan your trade. Trade your plan. 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. Thus, do not carry the baggage of the past successes or failures. Always trade from a new perspective. Believe in Possibilities.
Happy Trading! SENSEX Price Structure Analysis [15/04/2026: Wednesday]SENSEX Price Structure Analysis for 15th of April 2026. The day is Wednesday.
(1) BULLISH SET-UP: A weak bullish set-up will open above the level 77000. The target is 77500. It will fill the gap and again receive strong resistance (previously, the price got rejection from 77500 twice). In case the price sustains above the level 77500, then probable bullish targets are - 78000, 78500, and 79000.
(2) BEARISH SET-UP: A weak bearish set-up will open below the level 76500. The target is 76000. In case the price sustains below the level 76000, then probable bearish targets are - 75500, 75000, and 74500. The pending gap will fill at 74500.
(3) Establish intraday bias with respect to the opening price.
(4) No Trading Zone (NTZ): (77000 - 76500).
(5) Range of Consolidation (ROC): (77500 - 76000) . Trading within this range will be difficult. A breakout or breakdown from this zone would ensure a bullish or bearish trend.
(6) Event: No expiry. Tuesday's news will impact Wednesday's first half price action. War uncertainty is always there.
(7) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Therefore, practice PRAGMATISM during the live session.
Top-Down Analysis for Better Insight:
(i) Monthly TF: Candles look like a bullish harami pattern. Maybe there are signs of trend reversal. Level 77500 is a strong resistance. Level 76000 is a strong support. 20 EMA > Price > 50 EMA. The view is indecision.
(ii) Weekly TF: This week's candle is green, but it is inside the previous week. For a bullish trend, the price needs to break out above two levels - 77000 and 77500. For a bearish trend, the price needs to break down below two levels - 76500 and 76000. Considering three weeks candle, the price is in a higher highs and lower lows structure. There are signs of trend reversal (bearish to bullish). Price is trading exactly between two 100 EMA (flat) and 150 EMA (flat). We have to wait for either a breakout or a breakdown. The view is indecision to bullish.
(iii) Daily TF: Today's candle is below the last three days' tops. Presently, levels 77500 and 77000 are very strong resistances. On the contrary, levels 76500 and 76000 are very strong support levels. Price is trading above 20 EMA but below 50 EMA. Considering a 7-day price structure, the price is in a higher-highs and lower-lows structure. We have to wait for either a breakout or a breakdown. The view is indecision to bullish.
(iv) 30-minute TF: For the past four days, the price has been closing within the range of (76500 - 75500). It is a clear sign of sideways consolidation. For a bullish trend, the price needs to break out above two levels - 77000 and 77500. For a bearish trend, the price needs to break down below two levels - 76500 and 76000. Price got a strong rejection from the level 77500 twice. Also, there is an unfilled gap below. Considering a 7-day price structure, the price is in a higher-highs and lower-lows structure. We have to wait for either a breakout or a breakdown. The view is indecision to bullish.
NOTE:
(i) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always PROTECT your CAPITAL. Always PRACTICE RISK MANAGEMENT. Be RESPONSIBLE.
(ii) Mark your points. 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 from a new perspective. Believe in Possibilities.
Happy Trading!
SENSEX Price Structure Analysis [06/04/2026: Monday]Top-Down SENSEX Price Structure Analysis for 06th of April 2026. The day is Monday.
(1) Monthly TF: The candle is inside the previous month. The structure is red hammer. Maybe it is a sign of trend reversal. However, there is no such evidence yet. Major support is 72000. Major resistance is 74000. Price did not touch the 50 EMA. Price is still trading below 9 EMA (downward sloping) and 20 EMA (flat). The view is indecision to bearish.
(2) Weekly TF: Lower lows and lower highs structure is intact. The candle is a bullish spinning top. For consecutive 3 weeks, candles are forming a doji. It means that directional trading has been very difficult as both bulls and bears are strategically trapped. However, bears have still been the winners. Also, in the past 4 weeks, the price has shown 3000 points fall. Price-wise correction in this time frame is done, as the price did touch the 200 EMA (equivalent to level 72500). However, price is still below 150 EMA (equivalent to level 75500). Sustainability of price above the level 74000 for at least one week might offer hope for trend reversal. Presently, there is no sign of such. Level 74000 would act as a major resistance. Level 72000 would act as a major support. We still have to doubt every up move. The view is indecision to bearish.
(3) Daily TF: Lower lows and lower highs structure is intact. Price is below the downward sloping 9, 20, and 50 EMA. Level 74000 will be a major resistance. Levels 72000 and 71500 would offer good support. The view is indecision to bearish.
(4) 30-minute TF: Lower lows and lower highs structure is intact. Price is trading above the level 73000. It is trading above the upward-sloping 9 and 20 EMA. Additionally, price is trading above the 50 EMA (flat). Level 73000 would offer good support. Level 74000 would be a major resistance. However, the price is in a running correction. It has not touched the 200 EMA (downward sloping) for a long time. There is a high probability that the price will start to trade above the level 74000 and touch the 200 EMA. For now, every up move should be doubted unless the price gives a breakout above the level 74000. The view is indecision to bearish.
(5) No Trading Zone (NTZ): (73500 - 72500).
(6) Range of Consolidation (ROC): (74000 - 72000) . Trading will be very difficult in this zone. A breakout above 74000 would confirm bullish sentiments. A breakdown below 72000 would confirm bearish sentiments.
(7) Establish intraday bias with respect to the opening price.
(8) Events: No high-impact event. No expiry.
(9) BULLISH SET-UP: Presently, all the bullish trades will be led by the underconfident bulls. If the price breaks out at level 73500, then the corresponding achievable levels are - 74000 and 74500. Price will receive good resistance at the level 74500. Confident bulls would emerge when the price gives a breakout above the level 74500. Then the corresponding bullish levels would be - 75000 and 75500. An unfilled gap is there at 75500.
(10) BEARISH SET-UP: Level 72500 is a major support level. No shorting until price breaks down level 72500. If level 72500 is broken, then the corresponding bearish levels would be - 72000 and 71500. Price would receive good support at level 71500. In case the price further breaks down to level 71500, then the next bearish levels would be 71000 and 70500.
(11) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Therefore, practice PRAGMATISM in the live market.
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 points. 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 from a new perspective. Believe in Possibilities.
Happy Trading! SENSEX Price Structure Analysis [02/04/2026: Thursday]Top-Down SENSEX Price Structure Analysis for 02nd of April 2026. The day is Thursday.
(1) Monthly TF: An inside red bar. Major resistance is 74000. Major support is 72000. The view is indecision to bearish.
(2) Weekly TF: Lower lows and lower highs structure is intact. This week's candle is a green spinning top. Major resistance is 74000. Major support is 72000. Pricewise correction in SENSEX is done as the price has touched the 200 EMA. Now, a breakout above 74000, as well as sustainability, would give hope for trend reversal. On the other hand, if the price decisively breaks down the level 72000, then the level 71000 is reachable. The view is indecision to bearish.
(3) Daily TF: Lower lows and lower highs structure is intact. Price is below 9 EMA (downward sloping). Major resistance is 74000. Major support is 72500. Only a breakout, and sustainability of price above the level 74000 would ensure trend reversal (bearish to bullish). On the other hand, if the price decisively breaks down the level 72000, then the level 71000 is reachable. The view is indecision to bearish.
(4) 30-minute TF: Lower lows and lower highs structure is intact. Bulls are trapped just below 74000. And bears are trapped at level 72000. Thus, the price is again in the range of consolidation. A breakout or breakdown would confirm future sentiment of the markets. The view is indecision to bearish.
(5) No Trading Zone (NTZ): (74000 - 73000).
(6) Range of Consolidation (ROC): (74000 - 72500) . Trading will be very difficult in this range. It is preferable to wait for either a breakout or a breakdown.
(7) Event: SENSEX weekly expiry is on Thursday. The day after (Friday) is a holiday (Good Friday). Then there will be a long weekend. Even the U.S. market will be closed. We can expect a price anomaly considering the impact of expiry and the long weekend.
(8) Establish intraday bias with respect to the opening price.
(9) BULLISH SET-UP: Presently, there is no bullish set-up visible in the charts. Every up move should be doubted. If the price breaks out above the level 74000, then the first target would be 74500. However, price would face a major hurdle at 74500. Next, if the price starts to trade above the level 74500, then the corresponding levels are - 75000, 75500, and beyond. Be cautious with bullish trades as the market sentiment is not bullish.
(10) BEARISH SET-UP: If level 73000 is broken, then the first bearish target would be 72500. However, price would receive good support at this level. Next, if the price decisively breaks down the level 72500, then the corresponding levels are - 72000, 71500, and 71000. A confident bearish set-up would activate below the level 72500.
(11) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live market session.
NOTE:
(i) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always PROTECT your CAPITAL. Always practice RISK MANAGEMENT. Be RESPONSIBLE.
(ii) Mark your points. 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!
Happy Hanuman Jayanti _/\_ SENSEX Price Structure Analysis [19/03/2026: Thursday]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!
