✅ Trade Idea:
Price has reclaimed the 0.618 retracement at ₹608.25
Breakout above the ₹612 horizontal level (weekly closing basis)
Volume is rising and RSI shows strong uptrend
💰 Buy Zone:
Entry: ₹610 – ₹613
(preferably above ₹612 on strong 15min or 1H candle close)
🎯 Targets:
T1: ₹630 (previous minor supply zone)
T2: ₹646.65 (Fib 0.786 level)
T3: ₹695.55 (Fib 1.0 extension)
T4: ₹836.85 (1.618 extension for swing positional)
🛑 Stop Loss:
Intraday SL: ₹598 (below 9 EMA on 1H)
Swing SL: ₹581 (Fib 0.5 retracement support)
🔁 Strategy:
Wait for confirmation via volume + RSI > 60
Trail SL to ₹610 once ₹630 is hit
Lock partial profit near ₹646 if market sentiment weakens
For Education Purposes Only
Price has reclaimed the 0.618 retracement at ₹608.25
Breakout above the ₹612 horizontal level (weekly closing basis)
Volume is rising and RSI shows strong uptrend
💰 Buy Zone:
Entry: ₹610 – ₹613
(preferably above ₹612 on strong 15min or 1H candle close)
🎯 Targets:
T1: ₹630 (previous minor supply zone)
T2: ₹646.65 (Fib 0.786 level)
T3: ₹695.55 (Fib 1.0 extension)
T4: ₹836.85 (1.618 extension for swing positional)
🛑 Stop Loss:
Intraday SL: ₹598 (below 9 EMA on 1H)
Swing SL: ₹581 (Fib 0.5 retracement support)
🔁 Strategy:
Wait for confirmation via volume + RSI > 60
Trail SL to ₹610 once ₹630 is hit
Lock partial profit near ₹646 if market sentiment weakens
For Education Purposes Only
Trade active
🎯 Targets T2: ₹646.65 (Fib 0.786 level)Done
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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.