✅ Trade Setup Summary
Parameter Value
Trade Direction BUY
Entry ₹12,360
Stop Loss (SL) ₹12,115
Risk ₹245
Target ₹14,821
Reward ₹2,461
Risk-Reward (RR) 10.0
Last Swing High ₹13,461
Last Swing Low ₹11,000
🧠 Logic & Key Takeaways
Trend Alignment: Every single timeframe from yearly to 60 minutes is in an uptrend, adding high confluence and confidence.
Entry Zone: Entry at ₹12,360 lies at the proximal zone of both Daily and ITF demand, indicating strong price memory and support.
SL Positioning: ₹12,115 is below the daily & ITF demand, making it a technically sound stop-loss level.
Reward Potential: Target of ₹14,821 offers a 10:1 RR, which is exceptional. Even partial profit booking at the previous high of ₹13,461 (~₹1,100 gain) gives a solid interim return.
Demand Zone Stack: Multiple BUFL demand zones from ₹10,000 to ₹12,000 reinforce strength on any retracement.
⚠️ Risks / Considerations
Narrow Margin for Error: The tight stop-loss (₹245 risk) requires precise entry execution; slight slippage can impact RR drastically.
Overhead Resistance: Some pause might occur around previous high of ₹13,461; monitor for breakout strength or distribution there.
Volume Confirmation Needed: Ensure breakout above ₹12,360 comes with strong volume to validate bullish continuation.
📌 Verdict:
✅ High-conviction BUY trade setup with:
All timeframe uptrend alignment
Entry on fresh daily/ITF demand
Very attractive RR of 10:1
📍 Keep a watch for bullish follow-through with volume post-entry, and consider trailing SL to ₹12,500 after breaking past ₹13,461.
🔍 Multi-Timeframe (MTF) & High Timeframe (HTF) Analysis Summary
Timeframe Trend Demand Zone Type Proximal Distal Avg
Yearly UP BUFL 9769 6536 8153
Half-Yearly UP BUFL 10932 9254 10093
Quarterly UP BUFL 10932 9832 10382
Monthly UP BUFL 11520 10725 11123
Weekly UP BUFL 11133 10725 10929
Daily UP DMIP 12360 12115 12238
ITF (60m–240m) UP BUFL 12360 12115 12237.5
📊 Averages Overview
Timeframe Group Trend Avg Proximal Avg Distal Avg of Averages
HTF Avg UP 10544 8541 9543
MTF Avg UP 11671 11188 11430
ITF Avg UP 12360 12115 12237.5
Parameter Value
Trade Direction BUY
Entry ₹12,360
Stop Loss (SL) ₹12,115
Risk ₹245
Target ₹14,821
Reward ₹2,461
Risk-Reward (RR) 10.0
Last Swing High ₹13,461
Last Swing Low ₹11,000
🧠 Logic & Key Takeaways
Trend Alignment: Every single timeframe from yearly to 60 minutes is in an uptrend, adding high confluence and confidence.
Entry Zone: Entry at ₹12,360 lies at the proximal zone of both Daily and ITF demand, indicating strong price memory and support.
SL Positioning: ₹12,115 is below the daily & ITF demand, making it a technically sound stop-loss level.
Reward Potential: Target of ₹14,821 offers a 10:1 RR, which is exceptional. Even partial profit booking at the previous high of ₹13,461 (~₹1,100 gain) gives a solid interim return.
Demand Zone Stack: Multiple BUFL demand zones from ₹10,000 to ₹12,000 reinforce strength on any retracement.
⚠️ Risks / Considerations
Narrow Margin for Error: The tight stop-loss (₹245 risk) requires precise entry execution; slight slippage can impact RR drastically.
Overhead Resistance: Some pause might occur around previous high of ₹13,461; monitor for breakout strength or distribution there.
Volume Confirmation Needed: Ensure breakout above ₹12,360 comes with strong volume to validate bullish continuation.
📌 Verdict:
✅ High-conviction BUY trade setup with:
All timeframe uptrend alignment
Entry on fresh daily/ITF demand
Very attractive RR of 10:1
📍 Keep a watch for bullish follow-through with volume post-entry, and consider trailing SL to ₹12,500 after breaking past ₹13,461.
🔍 Multi-Timeframe (MTF) & High Timeframe (HTF) Analysis Summary
Timeframe Trend Demand Zone Type Proximal Distal Avg
Yearly UP BUFL 9769 6536 8153
Half-Yearly UP BUFL 10932 9254 10093
Quarterly UP BUFL 10932 9832 10382
Monthly UP BUFL 11520 10725 11123
Weekly UP BUFL 11133 10725 10929
Daily UP DMIP 12360 12115 12238
ITF (60m–240m) UP BUFL 12360 12115 12237.5
📊 Averages Overview
Timeframe Group Trend Avg Proximal Avg Distal Avg of Averages
HTF Avg UP 10544 8541 9543
MTF Avg UP 11671 11188 11430
ITF Avg UP 12360 12115 12237.5
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.