Long (breakout + volume)
Trigger: Buy only above ₹705 (round‑number reclaim and above 20/50‑EMA cluster) with Volume Multiple ≥ 1.5× (i.e., today’s volume ≥ ~2.0 crore shares if scaled to full day).
Why 705? It’s a clean reclaim above the 20‑EMA (~₹697) and 700 handle; next reference is the 200‑EMA ~₹717.
Stop:
• Swing‑based: ₹690 (below 50‑EMA & round number).
• ATR‑based: Entry − 1.0×ATR ≈ ₹705 − 19 = ₹686 (tighter) or 1.5×ATR ≈ ₹676 (wider).
Targets:
• T1: ₹717–₹720 (test of 200‑EMA/round).
• T2: ₹730–₹735 (next supply). (Use a trailing stop once T1 is hit.)
Conservative retest plan: If ₹705 breaks intraday, wait for a retest of ₹700 and a strong bullish candle closing back above it with Volume Multiple ≥ 1.2× before entering.
Short (only if momentum breaks down)
Trigger: Sell below ₹688 (clear failure of 50‑EMA & 700 reclaim) with rising Call OI at 700/710 and PCR staying ≤ 0.7 intraday.
Stop: ₹700.
Targets: ₹676 (≈ 1×ATR down) then ₹665–₹660 (Fibo/pivot zone).
Trigger: Buy only above ₹705 (round‑number reclaim and above 20/50‑EMA cluster) with Volume Multiple ≥ 1.5× (i.e., today’s volume ≥ ~2.0 crore shares if scaled to full day).
Why 705? It’s a clean reclaim above the 20‑EMA (~₹697) and 700 handle; next reference is the 200‑EMA ~₹717.
Stop:
• Swing‑based: ₹690 (below 50‑EMA & round number).
• ATR‑based: Entry − 1.0×ATR ≈ ₹705 − 19 = ₹686 (tighter) or 1.5×ATR ≈ ₹676 (wider).
Targets:
• T1: ₹717–₹720 (test of 200‑EMA/round).
• T2: ₹730–₹735 (next supply). (Use a trailing stop once T1 is hit.)
Conservative retest plan: If ₹705 breaks intraday, wait for a retest of ₹700 and a strong bullish candle closing back above it with Volume Multiple ≥ 1.2× before entering.
Short (only if momentum breaks down)
Trigger: Sell below ₹688 (clear failure of 50‑EMA & 700 reclaim) with rising Call OI at 700/710 and PCR staying ≤ 0.7 intraday.
Stop: ₹700.
Targets: ₹676 (≈ 1×ATR down) then ₹665–₹660 (Fibo/pivot zone).
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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.