SENSEX
SENSEX — Intraday Plan (15‑min)
Market Structure
Snapshot from the 15‑minute chart
- Resistance zone: 84,520 – 84,550 (recent "Big‑Player Selling").
- Support level: ~84,350 (prior consolidation / demand area).
- Momentum: Strong rally from ~83,700 driven by institutional buying; watch for exhaustion near resistance.
No‑trade zone: 84,350 — 84,550 — wait for confirmed breakout or breakdown.
Trading Plans
Bullish (Breakout)
| Entry | Buy above 84,560 |
|---|---|
| Stop‑loss | 84,420 (below breakout retest) |
| Targets | 1) 84,700 · 2) 84,850 · 3) 85,000 |
Bearish (Breakdown)
| Entry | Sell below 84,340 |
|---|---|
| Stop‑loss | 84,480 |
| Targets | 1) 84,200 · 2) 84,050 · 3) 83,900 |
Use volume confirmation and wait for the 15‑min candle close outside the level. Trail stops after significant moves. Risk management: limit initial risk to 0.25–0.75% of capital per trade.
Quick Checklist (Before Entry)
- Confirm breakout/breakdown candle close on 15‑min timeframe.
- Confirm increased volume in direction of trade.
- Look for retest + rejection to increase probability.
- Use strict stop and predefine position size.
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