DRREDDY

🎯 Trade Setup Summary
Parameter Value
Trade Type BUY
Entry ₹1257
Stop Loss (SL) ₹1221
Risk ₹36
Target ₹1658
Reward ₹401
Risk-Reward (RR) 11.2
Last High ₹1421
Last Low ₹1020

🧠 Key Observations
Strong Bullish Confluence: All timeframes are in an UP trend, with demand zones stacking up across HTF, MTF, and ITF.

Solid Demand Cluster: Between ₹1210 and ₹1257 — tight overlap across Weekly, Monthly, and 60M charts, suggesting strong institutional interest.

Entry Justified: ₹1257 is both a Weekly and Monthly Demand Proximal, confirming you're entering at the edge of a high-probability reversal zone.

SL Placement: ₹1221 is just below ITF and MTF distal zones — protective but reasonable.

Ambitious but Plausible Target: ₹1658 offers a massive RR of 11.2. Since the last high is at ₹1421, consider a partial booking or SL trail near that level to lock in profits.

Risk Zone: ₹1221–₹1210 must hold — a breakdown here would invalidate the bullish structure.

✅ Actionable Notes
High Confidence Buy Zone: With strong MTF convergence and solid SL structure.

Trail After ₹1420: Lock in gains or use a trailing SL if the price crosses previous highs.

Volume Confirmation: Entry is stronger if supported by a bullish volume surge near ₹1250–₹1260.

🔍 Trend & Demand Zone Overview
Timeframe Trend Zone Type Logic Proximal Distal Avg
Yearly UP Yearly Demand Rally-Base-Rally 1123 730 927
Half-Yearly UP 6M Demand DMIP 1197 1104 1151
Quarterly UP Qtrly Demand BUFL (SOE) 1015 888 952
HTF Average - - - 1112 907 1010

📆 MTF Zones
Timeframe Trend Zone Type Proximal Distal Avg
Monthly UP BUFL 1226 1020 1123
Monthly UP DMIP 1257 1211 1234
Weekly UP DMIP 1257 1193 1225
MTF Average - - 1247 1141 1194

🕒 Intraday Timeframe (ITF)
Timeframe Trend Zone Type Proximal Distal Avg
240M UP S&R 1254 1226 1240
180M UP S&R 1216 1206 1211
60M UP BUFL 1240 1232 1236
ITF Average - - 1237 1221 1229