1️⃣ Multi-Timeframe (MTF) View
Timeframe Trend Demand Zone (Proximal–Distal) Avg Zone
Yearly / 6-Month UP 1511–871 1191
Quarterly UP 1394–1312 1353
Monthly UP 1800–1730 1765
Weekly UP 1959–1872 1916
Daily UP 1954–1872 1913
Takeaway: Clear UP trend on all higher timeframes; current daily/weekly demand sits around 1870–1959.
2️⃣ Intraday / ITF Zones
Interval Zone Avg
240m 1908–1805 1857
180m 1908–1805 1857
60m 1894–2034 1964
Takeaway: Strong confluence of support in the 1800–1900 area; upside levels extend beyond 2000.
3️⃣ Trade Setup
Entry: 1954
Stop-loss (SL): 1870
Target: 2593
Risk per share: 84
Reward per share: 639
Risk/Reward ratio: ~7.6
Capital Required (65% MTF): ₹2.93M
Qty: 1500 shares
Takeaway: Excellent RR (≥7) with SL below demand zone.
4️⃣ Financials
Profit if target hit: ~₹9.58 lakh gross / ~₹9.36 lakh net
Loss if SL hit: ~₹1.26 lakh gross / ~₹1.48 lakh net
ROI over 4 months: ~54% (annualised much higher)
5️⃣ Key Levels
Immediate Support: 1870–1910 (Gann low & SL area)
Immediate Resistance / Target Zone: 2593 (with upside potential if momentum continues)
Gann Point High: 1967 confirms uptrend
6️⃣ Risk Management Pointers
You’re allocating ~65% capital — strong conviction but ensure you’re comfortable with exposure.
Given RR>6, you could also scale in: e.g., 50% at 1954, 50% on breakout above 1967.
Keep reviewing fundamental catalysts or volume patterns to validate price action.
Monitor trailing stops once price crosses 2100+ to lock in gains.
Timeframe Trend Demand Zone (Proximal–Distal) Avg Zone
Yearly / 6-Month UP 1511–871 1191
Quarterly UP 1394–1312 1353
Monthly UP 1800–1730 1765
Weekly UP 1959–1872 1916
Daily UP 1954–1872 1913
Takeaway: Clear UP trend on all higher timeframes; current daily/weekly demand sits around 1870–1959.
2️⃣ Intraday / ITF Zones
Interval Zone Avg
240m 1908–1805 1857
180m 1908–1805 1857
60m 1894–2034 1964
Takeaway: Strong confluence of support in the 1800–1900 area; upside levels extend beyond 2000.
3️⃣ Trade Setup
Entry: 1954
Stop-loss (SL): 1870
Target: 2593
Risk per share: 84
Reward per share: 639
Risk/Reward ratio: ~7.6
Capital Required (65% MTF): ₹2.93M
Qty: 1500 shares
Takeaway: Excellent RR (≥7) with SL below demand zone.
4️⃣ Financials
Profit if target hit: ~₹9.58 lakh gross / ~₹9.36 lakh net
Loss if SL hit: ~₹1.26 lakh gross / ~₹1.48 lakh net
ROI over 4 months: ~54% (annualised much higher)
5️⃣ Key Levels
Immediate Support: 1870–1910 (Gann low & SL area)
Immediate Resistance / Target Zone: 2593 (with upside potential if momentum continues)
Gann Point High: 1967 confirms uptrend
6️⃣ Risk Management Pointers
You’re allocating ~65% capital — strong conviction but ensure you’re comfortable with exposure.
Given RR>6, you could also scale in: e.g., 50% at 1954, 50% on breakout above 1967.
Keep reviewing fundamental catalysts or volume patterns to validate price action.
Monitor trailing stops once price crosses 2100+ to lock in gains.
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.