Sensex Market Structure Analysis & Trade Plan : 18th August

🔎 Market Structure – Sensex

4H Timeframe (Macro View)

Trend: Downtrend remains intact, but a short-term base has formed around 79,800 – 80,000 (green demand zone).

Resistance Zones:

80,950 – 81,200 (nearest supply, price currently stalling here)

81,600 – 81,800 (strong supply, previous rejection)

82,800 – 83,000 (major resistance, untested in recent swing)

Support Zones:

80,000 – 79,800 (critical demand; if broken, opens downside to 79,000 – 78,800)

1H Timeframe (Execution View)

Price Action: Trading just below 81,000 with repeated rejections.

Structure: Sideways consolidation between 80,200 – 81,000, showing indecision.

Bias: A break above 81,000 can trigger a short-term rally, but failure here can invite sellers.

15m Timeframe (Intraday View)

Immediate Support: 80,400 – 80,200

Immediate Resistance: 80,950 – 81,100

Price is compressing near resistance; intraday traders should watch for breakout vs. rejection signals.

📌 Trade Plan – 18th August (Monday)

🔴 Bearish Scenario (High Probability)

If Sensex fails to hold above 81,000, expect rejection trades.

Entry: Short near 80,950 – 81,100 rejection.

Targets: 80,400 → 80,200 → 79,800.

Stop-loss: Above 81,250.

🟢 Bullish Scenario (Low Probability – Breakout Needed)

Sustained close above 81,200 can trigger short covering.

Entry: Buy breakout & retest of 81,200.

Targets: 81,600 → 82,000 → 82,800.

Stop-loss: Below 80,900 (invalidation of breakout).

⚠️ Neutral / Rangebound

If Sensex stays between 80,200 – 81,000, expect sideways chop.

Avoid overtrading in this zone; scalping only.

🎯 Key Levels to Watch (Sensex – 18 Aug)

Bullish above: 81,200

Bearish below: 80,200

Range zone: 80,200 – 81,000

✅ Summary:

Broader structure is bearish, but support at 80,000 has held multiple times.

Monday’s bias leans sell on rise near resistance unless 81,200 is broken with strength.

Intraday traders should track 80,950 – 81,100 zone for rejection vs breakout cues.