📈 Trade Plan:
Entry-1: ₹2408
Stop Loss: ₹2308
Risk: ₹100
Reward: ₹3017
Target: ₹5425
Risk:Reward (RR): 30.2 — extremely favorable if it plays out
Last High: ₹3859
Last Low: ₹2293
Point Variance: 1566
✅ Interpretation & Insights:
Trend Confirmation Across All Timeframes:
Every timeframe from yearly down to intraday (60M) shows an uptrend, indicating strong bullish momentum and confirmation across multiple investor classes.
Demand Zone Clustering:
The demand cluster around 2288–2408 is repeated across MTF & ITF zones. This tight range is a strong accumulation zone.
You are entering right at the upper edge of the demand, which is okay, but better RR existed slightly lower.
Trade Setup:
Entry: ₹2408 is aligned with the weekly/monthly proximal zone.
SL: ₹2308 is just below the demand zone, which is valid technically.
Target: ₹5425 seems based on projection logic (perhaps supply zone or fib extensions). It’s aggressive, but technically aligned with the broader HTF trend.
Risk-Reward:
RR of 30.2 is theoretically excellent, but practically it suggests your SL is very tight compared to the move expected. Monitor volatility closely.
🧠 Strategic Suggestions:
If price consolidates above ₹2408 and shows strength, consider pyramiding.
Watch for daily close above ₹2408 to confirm institutional interest.
Trail SL aggressively once above ₹3000 to protect profit.
🔍 Multi-Timeframe (MTF) Trend Summary:
Timeframe Trend Demand Zone (Proximal–Distal) Avg
Yearly UP 1459 – 1236 1348
Half-Yearly UP 2160 – 1665 1913
Quarterly UP 2160 – 1665 1913
HTF Avg UP 1926 – 1522 1724
| Monthly | UP | 2408 – 2125 | 2267 |
| Weekly | UP | 2408 – 2125 | 2267 |
| Daily | UP | 2395 – 2288 | 2342 |
| MTF Avg | UP | 2404 – 2179 | 2292 |
| 240M | UP | 2395 – 2288 | 2342 |
| 180M | UP | 2395 – 2288 | 2342 |
| 60M | UP | 2337 – 2308 | 2323 |
| ITF Avg | UP | 2376 – 2295 | 2335 |
Entry-1: ₹2408
Stop Loss: ₹2308
Risk: ₹100
Reward: ₹3017
Target: ₹5425
Risk:Reward (RR): 30.2 — extremely favorable if it plays out
Last High: ₹3859
Last Low: ₹2293
Point Variance: 1566
✅ Interpretation & Insights:
Trend Confirmation Across All Timeframes:
Every timeframe from yearly down to intraday (60M) shows an uptrend, indicating strong bullish momentum and confirmation across multiple investor classes.
Demand Zone Clustering:
The demand cluster around 2288–2408 is repeated across MTF & ITF zones. This tight range is a strong accumulation zone.
You are entering right at the upper edge of the demand, which is okay, but better RR existed slightly lower.
Trade Setup:
Entry: ₹2408 is aligned with the weekly/monthly proximal zone.
SL: ₹2308 is just below the demand zone, which is valid technically.
Target: ₹5425 seems based on projection logic (perhaps supply zone or fib extensions). It’s aggressive, but technically aligned with the broader HTF trend.
Risk-Reward:
RR of 30.2 is theoretically excellent, but practically it suggests your SL is very tight compared to the move expected. Monitor volatility closely.
🧠 Strategic Suggestions:
If price consolidates above ₹2408 and shows strength, consider pyramiding.
Watch for daily close above ₹2408 to confirm institutional interest.
Trail SL aggressively once above ₹3000 to protect profit.
🔍 Multi-Timeframe (MTF) Trend Summary:
Timeframe Trend Demand Zone (Proximal–Distal) Avg
Yearly UP 1459 – 1236 1348
Half-Yearly UP 2160 – 1665 1913
Quarterly UP 2160 – 1665 1913
HTF Avg UP 1926 – 1522 1724
| Monthly | UP | 2408 – 2125 | 2267 |
| Weekly | UP | 2408 – 2125 | 2267 |
| Daily | UP | 2395 – 2288 | 2342 |
| MTF Avg | UP | 2404 – 2179 | 2292 |
| 240M | UP | 2395 – 2288 | 2342 |
| 180M | UP | 2395 – 2288 | 2342 |
| 60M | UP | 2337 – 2308 | 2323 |
| ITF Avg | UP | 2376 – 2295 | 2335 |
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.