Disclaimer: This is my personal analysis for educational purposes only. I am not SEBI-registered. Please consult your financial advisor before making any trading decisions.
🔎 Weekly Chart Setup
On the weekly timeframe, when plotting Fibonacci from the bottom (below 200 EMA) to the top (above 200 EMA):
Price retraced to the 0.5 level.
After holding this zone, it is again moving towards the highs.
📈 Daily Chart Confirmation
Entry near CMP ~95.16.
Stop Loss: below 0.618 Fibonacci retracement → around 85 (safer SL).
Once the price crosses the first target, SL can be revised upward to the 0.5 level (~89–90).
🎯 Targets
First Target: Weekly high → 103–108
Second Target: 116
Third Target: 126
Final Target: 143
⚖️ Risk-Reward
Initial SL: 85
Entry: 95.16
Multiple profit targets with an approximate R:R > 1:5.
📌 Summary:
Weekly chart supports a bullish continuation after holding the 0.5 retracement.
The daily chart provides a clear risk-defined setup with a stop below 0.618.
Scaling out at targets and trailing SL increases the probability of locking profits.
🔎 Weekly Chart Setup
On the weekly timeframe, when plotting Fibonacci from the bottom (below 200 EMA) to the top (above 200 EMA):
Price retraced to the 0.5 level.
After holding this zone, it is again moving towards the highs.
📈 Daily Chart Confirmation
Entry near CMP ~95.16.
Stop Loss: below 0.618 Fibonacci retracement → around 85 (safer SL).
Once the price crosses the first target, SL can be revised upward to the 0.5 level (~89–90).
🎯 Targets
First Target: Weekly high → 103–108
Second Target: 116
Third Target: 126
Final Target: 143
⚖️ Risk-Reward
Initial SL: 85
Entry: 95.16
Multiple profit targets with an approximate R:R > 1:5.
📌 Summary:
Weekly chart supports a bullish continuation after holding the 0.5 retracement.
The daily chart provides a clear risk-defined setup with a stop below 0.618.
Scaling out at targets and trailing SL increases the probability of locking profits.
Trade active
First Target of 109 Achieved
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.