🔷 ITC Trade Setup Summary
Key Element Details
Trade Type BUY (Long)
Entry Price ₹416
Stop Loss ₹380
Target Price ₹604
Risk ₹36
Reward ₹188
Risk-Reward 5.2 : 1
Last High ₹498
Last Low ₹392
✅ Trade is trend-aligned across all timeframes.
📌 Entry at ₹416 is at the top of a demand cluster (monthly to intraday) – ideal for breakout continuation.
🔷 Setup Logic
✅ All trends UP: From Yearly down to 60 min – strong alignment.
📈 Entry sits just above a dense demand cluster (₹380–₹416) – smart and safe.
🛡️ Stop Loss (₹380) is protected by all demand zones.
🎯 Target (₹604) is realistic long-term, breaking past the previous high of ₹498.
🔷 Strategy Recap
Action Price Reason
BUY ₹416 Breakout above demand zones (DMIP)
SL ₹380 Below demand cluster (safe risk)
Target ₹604 Swing target, above previous high
🔷 Verdict
✅ Good RR (5.2:1) — even a 30–40% move to target gives excellent profit.
✅ Ideal for swing or positional traders.
⚠️ Watch for price consolidation around ₹416–₹420 before breakout.
🔷 Multi-Timeframe Demand Zone Breakdown
Timeframe Zone Type Zone Range (₹) Avg Price Remarks
Yearly BUFL 340 – 307 324 Strong long-term demand base
Half-Yearly BUFL 340 – 307 324 Matches yearly zone
Quarterly BUFL 372 – 357 365 Consolidation before breakout
Monthly DMIP 416 – 380 398 Entry sits on top of this zone
Weekly DMIP + Swap 416 – 380 398 Strong structure at entry area
Daily DMIP 402 – 380 391 Repeated buying interest
Intraday DMIP 407 – 394 401 Confirming strong near-term demand
Key Element Details
Trade Type BUY (Long)
Entry Price ₹416
Stop Loss ₹380
Target Price ₹604
Risk ₹36
Reward ₹188
Risk-Reward 5.2 : 1
Last High ₹498
Last Low ₹392
✅ Trade is trend-aligned across all timeframes.
📌 Entry at ₹416 is at the top of a demand cluster (monthly to intraday) – ideal for breakout continuation.
🔷 Setup Logic
✅ All trends UP: From Yearly down to 60 min – strong alignment.
📈 Entry sits just above a dense demand cluster (₹380–₹416) – smart and safe.
🛡️ Stop Loss (₹380) is protected by all demand zones.
🎯 Target (₹604) is realistic long-term, breaking past the previous high of ₹498.
🔷 Strategy Recap
Action Price Reason
BUY ₹416 Breakout above demand zones (DMIP)
SL ₹380 Below demand cluster (safe risk)
Target ₹604 Swing target, above previous high
🔷 Verdict
✅ Good RR (5.2:1) — even a 30–40% move to target gives excellent profit.
✅ Ideal for swing or positional traders.
⚠️ Watch for price consolidation around ₹416–₹420 before breakout.
🔷 Multi-Timeframe Demand Zone Breakdown
Timeframe Zone Type Zone Range (₹) Avg Price Remarks
Yearly BUFL 340 – 307 324 Strong long-term demand base
Half-Yearly BUFL 340 – 307 324 Matches yearly zone
Quarterly BUFL 372 – 357 365 Consolidation before breakout
Monthly DMIP 416 – 380 398 Entry sits on top of this zone
Weekly DMIP + Swap 416 – 380 398 Strong structure at entry area
Daily DMIP 402 – 380 391 Repeated buying interest
Intraday DMIP 407 – 394 401 Confirming strong near-term demand
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.