SBIN📝 Trade Plan
Position: Long (Buy)
Entry: 800
Stop Loss: 757
Risk: 43 points
Target: 1256
Reward: 456 points
Risk-Reward (RR): 10.6 – Excellent
✅ Multi-Timeframe Trend & Demand Zone Alignment
Zone Trend Demand Logic Avg Demand Zone
HTF UP RBR, BUFL 650
MTF UP RBR, DMIP, SOE, BUFL 762
ITF UP DMIP, BUFL 785
Trade Point Avg 732
This shows full timeframe alignment (HTF, MTF, ITF) in UP trend, strengthening the case for a long trade.
✅ Key Trade Logics – Highlights
Quarterly Demand (BUFL) is being respected.
Weekly ASZ previously formed at 793 – now engulfed with DMIP + SOE at 799 → Strong Demand.
Price trading above Gann Level of 766 → Bullish confirmation.
Entry at 800 is just above all critical demand structures (DMIP, BUFL, ASZ).
✅ Technical Observations
Last High = 894 → Short-term resistance.
Target = 1256 → Ambitious but possible if structure breakout confirms.
Last Low = 666 → Strong swing low. SL at 780 protects this level.
⚠️ Considerations / Watch Points
Immediate Resistance: ₹894 (last high); could act as short-term hurdle.
Gap Risk: Entry very close to Weekly demand zone (780–800) – be cautious of volatile retests.
Target Realism: ₹1256 may require a multi-week/month hold; consider scaling out partially at swing levels (e.g., ₹894, ₹975, ₹1050).
Reconfirm with Volume: Check for breakout with rising volumes above 800 and around 894 zone.
✅ Verdict
This is a strong, high-conviction trade setup with:
Perfect MTF Trend Alignment
Tightly defined risk
Excellent R:R ratio
Strong structural demand support
