Lodha Developers Ltd. (LODHA) on the 15-minute timeframe is currently trading near 1,249.0 following a bullish bounce off local support. The broader structure remains bullish, with price coiling near the lower demand region, positioning for a potential continuation toward immediate overhead targets.
Immediate Supply Zone (1,253.3 – 1,255.5): Primary intraday resistance band. A decisive 15m candle close above 1,253.3 will serve as the immediate trigger confirming momentum expansion toward higher levels.
Immediate Demand Support (1,245.6 – 1,248.0): Key retest support zone holding current price action. Watch for buyers to defend this pullback block to absorb floating supply.
Major Structural Base (1,236.0 – 1,240.0): Underlying demand base where the broader intraday impulse originated.
Overhead Bullish Targets:
Target 1: 1,253.3 (Immediate Local Resistance)
Target 2: 1,255.5 (Intermediate Breakout Level)
Target 3: 1,259.9 (Key Resistance Barrier)
Major Target: 1,271.4 (Extended Upside Target)
Trade Plan (Bullish Retest Entry)
Watch for price action to hold around the 1,245.6 – 1,248.0 demand zone. Long setups remain favored on lower-timeframe bullish confirmation within this support block, targeting upside expansions toward 1,253.3, 1,255.5, 1,259.9, and ultimately 1,271.4. A clean 15-minute candle close below 1,245.0 invalidates the immediate intraday bullish bias.
Immediate Supply Zone (1,253.3 – 1,255.5): Primary intraday resistance band. A decisive 15m candle close above 1,253.3 will serve as the immediate trigger confirming momentum expansion toward higher levels.
Immediate Demand Support (1,245.6 – 1,248.0): Key retest support zone holding current price action. Watch for buyers to defend this pullback block to absorb floating supply.
Major Structural Base (1,236.0 – 1,240.0): Underlying demand base where the broader intraday impulse originated.
Overhead Bullish Targets:
Target 1: 1,253.3 (Immediate Local Resistance)
Target 2: 1,255.5 (Intermediate Breakout Level)
Target 3: 1,259.9 (Key Resistance Barrier)
Major Target: 1,271.4 (Extended Upside Target)
Trade Plan (Bullish Retest Entry)
Watch for price action to hold around the 1,245.6 – 1,248.0 demand zone. Long setups remain favored on lower-timeframe bullish confirmation within this support block, targeting upside expansions toward 1,253.3, 1,255.5, 1,259.9, and ultimately 1,271.4. A clean 15-minute candle close below 1,245.0 invalidates the immediate intraday bullish bias.
Trade closed: target reached
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.