🛡️ Price: Around **2808 INR** (currently) – Consider scaling in if it reaches the **Retracement Zone of 2750-2720 INR.**
🎯 Target: **3138-3150 INR** (Target Zone for Options Trades)
🛑 Stop-Loss: **Hourly close below 2720 INR**
🤔 Why this trade?
✅ Approaching retracement zone – potential strong support.
✅ Potential for a good Risk/Reward.
💡 Pro Tip: The chart shows a clear downtrend followed by a retracement. If the price consolidates within the retracement zone and shows **bullish divergence** on indicators like **RSI** or **MACD**, it could signal a potential reversal. **Watch for a break above the short-term downtrend line** for additional confirmation before entering.
⚠️ Risk/Reward Calculation (Example - You MUST calculate your own based on YOUR entry):
Let's assume entry at **2750 INR** (top of the retracement zone) and the defined stop-loss of **2720 INR**:
🔹 **Potential Gain (using midpoint of target zone):** 3144 - 2750 = **394 INR**
🔹 **Potential Loss:** 2750 - 2720 = **30 INR**
🔹 **Risk/Reward Ratio:** **394 / 30 = Approximately 13.13:1**
📢 Important:
🚨 This is just an idea, **not financial advice.**
⚠ **Trading has risks – you could lose money.**
🧐 **Do your own research before making any trades.**
#Nifty #StockMarket #Trading #TechnicalAnalysis #DayTrading #SwingTrading #Investment #MarketAnalysis #StocksToWatch #BullishSetup #Nifty #BankNifty #GIFTNIFTY
🎯 Target: **3138-3150 INR** (Target Zone for Options Trades)
🛑 Stop-Loss: **Hourly close below 2720 INR**
🤔 Why this trade?
✅ Approaching retracement zone – potential strong support.
✅ Potential for a good Risk/Reward.
💡 Pro Tip: The chart shows a clear downtrend followed by a retracement. If the price consolidates within the retracement zone and shows **bullish divergence** on indicators like **RSI** or **MACD**, it could signal a potential reversal. **Watch for a break above the short-term downtrend line** for additional confirmation before entering.
⚠️ Risk/Reward Calculation (Example - You MUST calculate your own based on YOUR entry):
Let's assume entry at **2750 INR** (top of the retracement zone) and the defined stop-loss of **2720 INR**:
🔹 **Potential Gain (using midpoint of target zone):** 3144 - 2750 = **394 INR**
🔹 **Potential Loss:** 2750 - 2720 = **30 INR**
🔹 **Risk/Reward Ratio:** **394 / 30 = Approximately 13.13:1**
📢 Important:
🚨 This is just an idea, **not financial advice.**
⚠ **Trading has risks – you could lose money.**
🧐 **Do your own research before making any trades.**
#Nifty #StockMarket #Trading #TechnicalAnalysis #DayTrading #SwingTrading #Investment #MarketAnalysis #StocksToWatch #BullishSetup #Nifty #BankNifty #GIFTNIFTY
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.