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.
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.