🎯 Trade Plan Summary
Trade Type: BUY
Entry: ₹723
Stop Loss (SL): ₹706
Target: ₹1206
Risk: ₹17
Reward: ₹483
Risk-Reward Ratio (RRR): 28.4
Last Swing High: ₹1138
Last Swing Low: ₹655
✅ Analysis & Commentary
Trend Confirmation: All timeframes (from Yearly to 60 Min) are in an uptrend, which confirms trend alignment and adds confidence to the bullish bias.
Entry Zone Validity: ₹723 is around the ITF average and aligns with Monthly SWAP and BUFL logic on lower timeframes—solid zone to enter.
🔍 Multi-Timeframe Trend Summary
Timeframe Trend Zone/Logic Proximal Distal Avg. Support
Yearly UP Support & Resistance 916 557 737
Half-Yearly UP DMIP 775 557 666
Quarterly UP DMIP/BUFL 775 557 666
Monthly UP SWAP 720 649 685
Weekly UP DMIP 774 706 740
Daily UP DMIP/BUFL 775 757 766
Intraday (60–240M) UP BUFL 723 706 715
SL Placement: ₹706 is close to the distal levels of multiple timeframes (Daily, Weekly, and ITF), making it a structurally valid stop loss.
Reward Potential: Target of ₹1206 sits above the previous high (₹1138), which indicates breakout expectation. Make sure there is no heavy resistance between ₹1138–₹1206.
RRR: At 28.4, this is an excellent reward-risk setup. Even if partial profits are taken at the previous high, the trade remains lucrative.
⚠️ Watchouts
Volume Confirmation: Ensure volume supports the move near 723–730. A breakout from this zone should be backed by strong volume.
Trailing SL Strategy: Consider moving SL to breakeven once price crosses ₹775 or ₹800 to reduce downside risk.
Macro Events: Be aware of any IRCTC-specific news (government announcements, earnings, etc.) that might cause volatility.
📌 Final Verdict:
This is a high-conviction buy setup with strong multi-timeframe alignment, a tight SL, and an exceptionally favorable RRR. Monitor price action around ₹723–730 closely for entry confirmation, especially on the 60M chart.
Trade Type: BUY
Entry: ₹723
Stop Loss (SL): ₹706
Target: ₹1206
Risk: ₹17
Reward: ₹483
Risk-Reward Ratio (RRR): 28.4
Last Swing High: ₹1138
Last Swing Low: ₹655
✅ Analysis & Commentary
Trend Confirmation: All timeframes (from Yearly to 60 Min) are in an uptrend, which confirms trend alignment and adds confidence to the bullish bias.
Entry Zone Validity: ₹723 is around the ITF average and aligns with Monthly SWAP and BUFL logic on lower timeframes—solid zone to enter.
🔍 Multi-Timeframe Trend Summary
Timeframe Trend Zone/Logic Proximal Distal Avg. Support
Yearly UP Support & Resistance 916 557 737
Half-Yearly UP DMIP 775 557 666
Quarterly UP DMIP/BUFL 775 557 666
Monthly UP SWAP 720 649 685
Weekly UP DMIP 774 706 740
Daily UP DMIP/BUFL 775 757 766
Intraday (60–240M) UP BUFL 723 706 715
SL Placement: ₹706 is close to the distal levels of multiple timeframes (Daily, Weekly, and ITF), making it a structurally valid stop loss.
Reward Potential: Target of ₹1206 sits above the previous high (₹1138), which indicates breakout expectation. Make sure there is no heavy resistance between ₹1138–₹1206.
RRR: At 28.4, this is an excellent reward-risk setup. Even if partial profits are taken at the previous high, the trade remains lucrative.
⚠️ Watchouts
Volume Confirmation: Ensure volume supports the move near 723–730. A breakout from this zone should be backed by strong volume.
Trailing SL Strategy: Consider moving SL to breakeven once price crosses ₹775 or ₹800 to reduce downside risk.
Macro Events: Be aware of any IRCTC-specific news (government announcements, earnings, etc.) that might cause volatility.
📌 Final Verdict:
This is a high-conviction buy setup with strong multi-timeframe alignment, a tight SL, and an exceptionally favorable RRR. Monitor price action around ₹723–730 closely for entry confirmation, especially on the 60M chart.
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.