1️⃣ Multi-Timeframe Context
Timeframe Zone Trend Demand Area (Proximal–Distal) Avg.
Yearly Support UP 637 – 456 547
Half-Yearly Support UP 637 – 456 547
Quarterly DMIP UP 734 – 618 676
Monthly DMIP UP 745 – 585 665
Weekly Cap UP 682 – 618 650
Daily DMIP UP 842 – 817 830
Intraday (ITF) DMIP/BUFL UP 849 – 817 831
Key Takeaway:
Every timeframe shows UPTREND with tight demand zones around 817–849, which gives strong confluence for your Entry at 842.
2️⃣ Trade Setup Recap
Entry Price: 842
Stop Loss: 817 (Risk ₹25 per share)
Target Price: 1056 (Reward ₹214 per share)
Quantity: 500 shares
Total Buy Value: ₹4,21,000
3️⃣ Risk–Reward
Risk per Trade: ₹12,500 (500 × ₹25)
Potential Reward: ₹1,07,000 (500 × ₹214)
R:R Ratio: 8.56:1 (excellent)
Brokerage: 0.49% (₹2,064 approx)
Net Profit After Costs: ~₹1,04,936
4️⃣ Capital Allocation
MTF Capital Allocated: ₹2,10,500 (50% capital as per your plan)
ROI in 4 months: ~47% (if target hit)
5️⃣ Observations
Support Confluence: Daily + ITF zones cluster around 817–849 → gives good SL zone.
Target Justification: Target 1056 is above last high 1031, which fits trend continuation but watch for resistance at 1031.
RR Ratio: Excellent; even if you reduce target to 1030 (last high), RR ~7.5:1 still holds.
Execution Tip: Since entry and SL are very close (25-point risk), consider scaling in 50% at 842, then re-add if price retests 817–825 for tighter average.
6️⃣ Potential Adjustments / Safeguards
Trailing Stop: Once price crosses 950–970, consider trailing SL to cost or 880+ to lock profit.
Partial Booking: Book 30–40% near 1030 (last high) and let the rest run to 1056.
Volume Check: Ensure liquidity at entry levels, as Gandhi Special Tubes may have lower volumes compared to large caps.
Timeframe Zone Trend Demand Area (Proximal–Distal) Avg.
Yearly Support UP 637 – 456 547
Half-Yearly Support UP 637 – 456 547
Quarterly DMIP UP 734 – 618 676
Monthly DMIP UP 745 – 585 665
Weekly Cap UP 682 – 618 650
Daily DMIP UP 842 – 817 830
Intraday (ITF) DMIP/BUFL UP 849 – 817 831
Key Takeaway:
Every timeframe shows UPTREND with tight demand zones around 817–849, which gives strong confluence for your Entry at 842.
2️⃣ Trade Setup Recap
Entry Price: 842
Stop Loss: 817 (Risk ₹25 per share)
Target Price: 1056 (Reward ₹214 per share)
Quantity: 500 shares
Total Buy Value: ₹4,21,000
3️⃣ Risk–Reward
Risk per Trade: ₹12,500 (500 × ₹25)
Potential Reward: ₹1,07,000 (500 × ₹214)
R:R Ratio: 8.56:1 (excellent)
Brokerage: 0.49% (₹2,064 approx)
Net Profit After Costs: ~₹1,04,936
4️⃣ Capital Allocation
MTF Capital Allocated: ₹2,10,500 (50% capital as per your plan)
ROI in 4 months: ~47% (if target hit)
5️⃣ Observations
Support Confluence: Daily + ITF zones cluster around 817–849 → gives good SL zone.
Target Justification: Target 1056 is above last high 1031, which fits trend continuation but watch for resistance at 1031.
RR Ratio: Excellent; even if you reduce target to 1030 (last high), RR ~7.5:1 still holds.
Execution Tip: Since entry and SL are very close (25-point risk), consider scaling in 50% at 842, then re-add if price retests 817–825 for tighter average.
6️⃣ Potential Adjustments / Safeguards
Trailing Stop: Once price crosses 950–970, consider trailing SL to cost or 880+ to lock profit.
Partial Booking: Book 30–40% near 1030 (last high) and let the rest run to 1056.
Volume Check: Ensure liquidity at entry levels, as Gandhi Special Tubes may have lower volumes compared to large caps.
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.