Entry Zone:
Price has pulled back into a strong demand area formed around ₹882–₹868, which aligns with:
• Point of Control (POC) from volume profile
• Daily SMA 21 support
• Weekly SMA 50 confluence.
Rationale:
The confluence of moving averages and volume profile support suggests institutional buying interest. The recent corrective move appears healthy within the broader uptrend, offering a favorable risk-reward setup for long trade.
Price has pulled back into a strong demand area formed around ₹882–₹868, which aligns with:
• Point of Control (POC) from volume profile
• Daily SMA 21 support
• Weekly SMA 50 confluence.
Rationale:
The confluence of moving averages and volume profile support suggests institutional buying interest. The recent corrective move appears healthy within the broader uptrend, offering a favorable risk-reward setup for long trade.
#Take proper position size
#Safe trading
#Safe trading
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.
#Take proper position size
#Safe trading
#Safe trading
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.