Key Technical Levels
Current Price: ₹306.40
Buy Trigger Zone: Above ₹306.40 – ₹308.00
Stop Loss (SL): ₹304.40 (Tight intraday level) / ₹296.50 (Swing low structural support)
Target 1: ₹320.00
Target 2: ₹336.02
Target 3 (1:3 R:R): ₹351.55
Technical Understanding & Indicators
Support Bounce: The price has tested and successfully bounced off the demand zone near ₹296.50–₹300.00.
Williams %R (14): Currently at -58.14, curling upward from overbought/oversold extreme territory, confirming a momentum shift back to the buyers following a support bounce.
Supertrend Resistance: The Supertrend line sits overhead at ₹312.58. A daily close above this level is required to officially flip the trend from bearish to bullish.
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Projection & Trade Execution Plan
Bullish Scenario: A sustained daily close above ₹306.40 triggers the long setup toward ₹320.00 (Target 1). Clearing ₹312.58 invalidates the bearish Supertrend and opens the path toward ₹336.02 and ultimately ₹351.55.
Risk Management: The immediate invalidation point is ₹304.40. A breakdown below ₹296.50 completely negates the bullish projection.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer
Current Price: ₹306.40
Buy Trigger Zone: Above ₹306.40 – ₹308.00
Stop Loss (SL): ₹304.40 (Tight intraday level) / ₹296.50 (Swing low structural support)
Target 1: ₹320.00
Target 2: ₹336.02
Target 3 (1:3 R:R): ₹351.55
Technical Understanding & Indicators
Support Bounce: The price has tested and successfully bounced off the demand zone near ₹296.50–₹300.00.
Williams %R (14): Currently at -58.14, curling upward from overbought/oversold extreme territory, confirming a momentum shift back to the buyers following a support bounce.
Supertrend Resistance: The Supertrend line sits overhead at ₹312.58. A daily close above this level is required to officially flip the trend from bearish to bullish.
---
Projection & Trade Execution Plan
Bullish Scenario: A sustained daily close above ₹306.40 triggers the long setup toward ₹320.00 (Target 1). Clearing ₹312.58 invalidates the bearish Supertrend and opens the path toward ₹336.02 and ultimately ₹351.55.
Risk Management: The immediate invalidation point is ₹304.40. A breakdown below ₹296.50 completely negates the bullish projection.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.