ITC

🔷 ITC Trade Setup Summary
Key Element Details
Trade Type BUY (Long)
Entry Price ₹416
Stop Loss ₹380
Target Price ₹604
Risk ₹36
Reward ₹188
Risk-Reward 5.2 : 1
Last High ₹498
Last Low ₹392

✅ Trade is trend-aligned across all timeframes.

📌 Entry at ₹416 is at the top of a demand cluster (monthly to intraday) – ideal for breakout continuation.

🔷 Setup Logic
✅ All trends UP: From Yearly down to 60 min – strong alignment.

📈 Entry sits just above a dense demand cluster (₹380–₹416) – smart and safe.

🛡️ Stop Loss (₹380) is protected by all demand zones.

🎯 Target (₹604) is realistic long-term, breaking past the previous high of ₹498.

🔷 Strategy Recap
Action Price Reason
BUY ₹416 Breakout above demand zones (DMIP)
SL ₹380 Below demand cluster (safe risk)
Target ₹604 Swing target, above previous high

🔷 Verdict
✅ Good RR (5.2:1) — even a 30–40% move to target gives excellent profit.

✅ Ideal for swing or positional traders.

⚠️ Watch for price consolidation around ₹416–₹420 before breakout.

🔷 Multi-Timeframe Demand Zone Breakdown
Timeframe Zone Type Zone Range (₹) Avg Price Remarks
Yearly BUFL 340 – 307 324 Strong long-term demand base
Half-Yearly BUFL 340 – 307 324 Matches yearly zone
Quarterly BUFL 372 – 357 365 Consolidation before breakout
Monthly DMIP 416 – 380 398 Entry sits on top of this zone
Weekly DMIP + Swap 416 – 380 398 Strong structure at entry area
Daily DMIP 402 – 380 391 Repeated buying interest
Intraday DMIP 407 – 394 401 Confirming strong near-term demand