Pilani Investment and Industries Ltd – Daily
Market Structure:
Price is currently in a bullish market structure, forming a series of higher highs and higher lows after breaking previous internal structure. The recent pullback appears to be a retracement into a discount zone, aligning with potential demand area.
Point of Interest (POI):
A clear demand zone is visible around ₹5,200–₹5,300, where price previously showed strong bullish reaction. Current price action suggests liquidity sweep below recent equal lows before potential mitigation.
Liquidity & Imbalance:
Liquidity Grab: Possible short-term liquidity sweep below minor lows (~₹5,320 zone).
Imbalance/FVG: Fair value gap present between ₹5,350–₹5,450, likely to be filled during bullish continuation.
Trade Idea:
Entry: Around ₹5,250–₹5,300 (reaction from demand zone).
Stop Loss: Below ₹4,800 (invalidates bullish setup).
Target: ₹6,000–₹6,050 (retest of previous supply zone).
Bias: 🟢 Bullish — Expecting mitigation of demand and continuation toward premium side.
Confirmation: Watch for bullish BOS (Break of Structure) and displacement before entry.
Price is currently in a bullish market structure, forming a series of higher highs and higher lows after breaking previous internal structure. The recent pullback appears to be a retracement into a discount zone, aligning with potential demand area.
Point of Interest (POI):
A clear demand zone is visible around ₹5,200–₹5,300, where price previously showed strong bullish reaction. Current price action suggests liquidity sweep below recent equal lows before potential mitigation.
Liquidity & Imbalance:
Liquidity Grab: Possible short-term liquidity sweep below minor lows (~₹5,320 zone).
Imbalance/FVG: Fair value gap present between ₹5,350–₹5,450, likely to be filled during bullish continuation.
Trade Idea:
Entry: Around ₹5,250–₹5,300 (reaction from demand zone).
Stop Loss: Below ₹4,800 (invalidates bullish setup).
Target: ₹6,000–₹6,050 (retest of previous supply zone).
Bias: 🟢 Bullish — Expecting mitigation of demand and continuation toward premium side.
Confirmation: Watch for bullish BOS (Break of Structure) and displacement before entry.
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For Daily LIVE Trades
Join FREE Telegram:t.me/+xavhcozoJexhZTVl
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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.