Supreme Petro — Trade Setup
Setup: Bullish MTF Demand Continuation
Trend: UP across HTF + MTF + ITF
Buy Zone: ₹564–606
Preferred Entry: ₹585
Confirmation: Sustained move above ₹606
Stop Loss: ₹460
Risk: ₹125/share
Target 1: ₹769
Position Target: ₹1,154
Gross RR: 1.5 : 1 to ₹769
Net RR: 4.32 : 1 as per supplied calculation
Key Demand: ₹460–606
Immediate Support: ₹564–606
Critical Level: ₹460
Quality Points
Strong UP alignment across all timeframes.
Weekly, Daily and ITF demand all overlap around ₹460–606, giving good structural confluence.
Entry at ₹585 sits within the MTF demand structure.
₹606 breakout/hold would strengthen the bullish continuation.
Main weakness is the wide ₹125 risk from entry to SL.
₹769 is the immediate objective; ₹1,154 represents the longer positional potential.
Setup conclusion: Bullish structure with strong demand confluence, but risk is considerably wider than ASK Automotive. Prefer buying near ₹564–585 rather than chasing above ₹606.
Setup: Bullish MTF Demand Continuation
Trend: UP across HTF + MTF + ITF
Buy Zone: ₹564–606
Preferred Entry: ₹585
Confirmation: Sustained move above ₹606
Stop Loss: ₹460
Risk: ₹125/share
Target 1: ₹769
Position Target: ₹1,154
Gross RR: 1.5 : 1 to ₹769
Net RR: 4.32 : 1 as per supplied calculation
Key Demand: ₹460–606
Immediate Support: ₹564–606
Critical Level: ₹460
Quality Points
Strong UP alignment across all timeframes.
Weekly, Daily and ITF demand all overlap around ₹460–606, giving good structural confluence.
Entry at ₹585 sits within the MTF demand structure.
₹606 breakout/hold would strengthen the bullish continuation.
Main weakness is the wide ₹125 risk from entry to SL.
₹769 is the immediate objective; ₹1,154 represents the longer positional potential.
Setup conclusion: Bullish structure with strong demand confluence, but risk is considerably wider than ASK Automotive. Prefer buying near ₹564–585 rather than chasing above ₹606.
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