📌 Trade Description
This is a classic demand-based reversal, not a random bottom-pick. Price has corrected sharply into a previously validated demand zone, where aggressive buying earlier pushed price up with momentum. Now price has returned to the same zone with declining momentum, offering a low-risk, high-R:R opportunity.
If this demand fails, the trade is invalid. Simple. No hope-trading here.
🔍 Technical Analysis
Trend Context: Short-term down-move, but within a broader range. This is a mean-reversion + base formation play, not a breakout chase.
Demand Zone (₹1320–₹1330):
⦿Earlier sharp impulse move originated from this zone → proves institutional participation.
⦿Price revisiting demand after time + correction = fresh probability.
Price Behaviour:
⦿Selling pressure is slowing down near demand.
⦿Smaller candles + wicks = absorption, not aggressive distribution.
Structure Expectation:
⦿First: base formation inside demand
⦿Then: higher low on 1H
Finally: reversal push toward ₹1370–₹1385 zone.
🎯 Trade Plan
Entry: Near demand zone after stabilization (no blind buying)
Stop Loss: Below demand zone (tight & non-negotiable)
Targets:
⦿T1: ₹1348–₹1360
⦿T2: ₹1375–₹1385
Risk–Reward: Minimum 1:2
This is a reaction trade, not a prediction.
Stay disciplined. Let price confirm, then execute.
Keep Learning,
Happy Trading.
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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.
Related publications
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.
