HBL Engineering Ltd 🔍 1D (Daily Timeframe) Analysis: Context and Macro Structure
Structure and Key Zones:
Price is trading at ₹523.40, showing bullish intent after a recent swing low and a clean market structure shift (MSS) around April 1st.
Fair Value Gaps (FVGs) around ₹445–₹475 have been respected with a strong bullish reaction from the OB (Order Block).
There is an old bearish FVG between ₹545–₹565 that is yet to be fully mitigated.
Current price is consolidating under a small internal liquidity zone (marked blue box).
Bias:
Bullish short-term bias as price broke market structure to the upside and is now in a re-accumulation range.
Likely targets include:
Target 1: ₹545 (old supply/FVG zone)
Target 2: ₹565 (full FVG mitigation & potential liquidity sweep above recent highs)
Daily Stop-Loss Ideas:
Below ₹475 (last bullish OB/FVG zone) makes sense if taking swing longs.
⏰ 1H (Hourly Timeframe): Mid-Level Refinement
Observations:
Price made a clean Break of Structure (BOS) and CHOCH indicating a reversal around April 15th.
Strong OB formed near ₹510–₹514, has been tapped into and respected.
Volume Imbalance (VI) around ₹517–₹521 now acting as dynamic support.
Price is now in a tight range under previous high liquidity (PWH zone).
Liquidity Pools:
Above: Weak High & recent equal highs around ₹529–₹532 (magnet)
Below: PDH & OB zones near ₹510 could attract a quick liquidity grab before reversal.
Trade Idea (Intraday to Swing):
Entry Zone: ₹517–₹521 (discount OB + VI)
Stop Loss: ₹510.5 (below 1H OB + liquidity)
Target 1: ₹530 (internal high)
Target 2: ₹545 (daily FVG)
RR: Around 1:2.5 to 1:3
This trade would be based on a liquidity sweep + continuation model — a smart money setup.
⏱ 15M (Execution Timeframe): Entry Precision
Observations:
Multiple CHOCH and BOS signals around the ₹521–₹523 region.
A micro-FVG and a CMSL (consolidated mitigation zone) formed after sharp rally on April 21.
Price is now revisiting this zone, offering an ideal scalp-to-swing entry setup.
Ideal Execution Plan:
Entry Zone: ₹520.5–₹523 (FVG + CMSL)
Confirmation: Look for a bullish engulfing / break of lower timeframe CHOCH in this zone
Stop Loss: ₹518.5 (below VI zone)
Scalp Target: ₹529–₹530 (PWH)
Swing Target: ₹545+ (1D FVG zone)
🧠 ICT + SMC Narrative: What’s the Market Maker Doing?
Liquidity Engineering: The market has engineered equal highs on both 15M and 1H — textbook setup for a liquidity raid.
Displacement + Retracement: Bullish displacement occurred. Now the retrace into an OB/VI zone creates a high-probability re-entry.
Order Flow: Strong bullish OB on 1D and 1H has held. Order flow is bullish.
📌 Summary of Trade Setup
Element Value
Bias Bullish
Entry ₹520.5–₹523
Stop Loss ₹518.5 (tight) / ₹510.5 (swing)
Target 1 (Scalp) ₹530
Target 2 (Swing) ₹545–₹565
Risk:Reward (approx) 1:2.5 to 1:3
Invalidated Below ₹510 (swing bias changes)
