📊 Price Action Update: GODFRYPHLP
TheBarBellTrader
🔍 Stock Analysis
Price from ATH: The stock is trending down from its All-Time High (ATH).
Key Observations:
Oct 22 & 23, 2024: Second Demand Zone (DZ) was broken, confirming a daily downtrend.
Post-October: WSZ action at the 125-minute time frame—a Lower Time Frame (LTF) zone worked, further pushing the price down.
November 11, 2024: The price fell sharply, losing -10%.
January 13, 2025: All Daily Supply Zones (DSZ) have worked; no Weekly Demand Zones (WDZ) were broken until the last trading session (LTS).
January 23, 2025: Price entered the August 12, 2024 WDZ and simultaneously re-entered a Monthly Demand Zone (MDZ). Interestingly, the WDZ coincides with the MDZ distal line, creating a confluence zone for potential reversal.
📈 Trade Plan
Long Entry Points:1️⃣ ₹4063–₹40652️⃣ ₹3985–₹3990
Average Entry Price: ₹4025–₹4030
Stop Loss: ₹3865–₹3869
Total SL: ₹150–₹165
Targets:
🎯 Target 1: ₹5100
🎯 Target 2: ₹5190–₹5200
Reward-to-Risk Ratio: 6:1
🚀 Strategy Insights:This trade setup shows a high potential for upside with a disciplined reward-to-risk ratio. Utilize precision entries and maintain strict risk management for optimal outcomes.
📌 Disclaimer: This analysis is for educational purposes. Always conduct thorough research or consult a financial advisor before investing.
TheBarBellTrader
🔍 Stock Analysis
Price from ATH: The stock is trending down from its All-Time High (ATH).
Key Observations:
Oct 22 & 23, 2024: Second Demand Zone (DZ) was broken, confirming a daily downtrend.
Post-October: WSZ action at the 125-minute time frame—a Lower Time Frame (LTF) zone worked, further pushing the price down.
November 11, 2024: The price fell sharply, losing -10%.
January 13, 2025: All Daily Supply Zones (DSZ) have worked; no Weekly Demand Zones (WDZ) were broken until the last trading session (LTS).
January 23, 2025: Price entered the August 12, 2024 WDZ and simultaneously re-entered a Monthly Demand Zone (MDZ). Interestingly, the WDZ coincides with the MDZ distal line, creating a confluence zone for potential reversal.
📈 Trade Plan
Long Entry Points:1️⃣ ₹4063–₹40652️⃣ ₹3985–₹3990
Average Entry Price: ₹4025–₹4030
Stop Loss: ₹3865–₹3869
Total SL: ₹150–₹165
Targets:
🎯 Target 1: ₹5100
🎯 Target 2: ₹5190–₹5200
Reward-to-Risk Ratio: 6:1
🚀 Strategy Insights:This trade setup shows a high potential for upside with a disciplined reward-to-risk ratio. Utilize precision entries and maintain strict risk management for optimal outcomes.
📌 Disclaimer: This analysis is for educational purposes. Always conduct thorough research or consult a financial advisor before investing.
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.