📈 Updated BUY Trade Plan – SBIN
Trade Component Value
Entry 775
Stop Loss (SL) 757
Risk 18
Target 995
Reward 220
Risk-Reward Ratio 12.2
Last High 900
Last Low 680
SBIN – Updated MTF Demand Zone Analysis
🔹 Higher Time Frame (HTF) Demand Zones
Timeframe Trend Proximal Distal Average
Yearly UP 660 500 580
Half-Yearly UP 660 600 630
Quarterly UP 660 600 630
HTF Average 660 567 613
🔹 Medium Time Frame (MTF) Demand Zones
Timeframe Trend Proximal Distal Average
Monthly UP 660 600 630
Weekly UP 738 719 729
Daily UP 775 757 766
MTF Average 724 692 708
🔹 Intraday Time Frame (ITF) Demand Zones
Timeframe Trend Proximal Distal Average
240 Min UP 775 757 766
180 Min UP 775 757 766
60 Min UP 775 757 766
ITF Average 775 757 766
✅ Consolidated Trade Points
Metric Value
Proximal Avg 720
Distal Avg 672
Combined Avg 696
✅ Strengths of the Setup:
All timeframes (HTF, MTF, ITF) show a strong UP trend, indicating alignment and directional strength.
Entry (775) is on a well-established Daily + Intraday demand zone → offering a solid support area.
Despite lowering the target from 1144 to 995, the RR remains high at 12.2, making this a still-attractive trade.
Target (995) is a reasonable swing move and sits well above the last high of 900, aiming for a new price discovery.
⚠️ Risks / Things to Monitor:
SL is tight (757); price could spike near it before moving higher—consider having a buffered SL or confirmation-based entry if volatility increases.
If the price retraces below 757, it would invalidate the current demand zone strength in the short term.
Conclusion:
This remains a high-conviction long trade, albeit with a slightly moderated target for a quicker reward realization. Strong confluence across all timeframes supports your trade thesis. Great RR, disciplined stop loss, and aligned demand zones offer a technically sound plan.
A dynamic exit strategy
Scaling plans (partial exit at 900)
Alternative SL strategies or re-entry if SL hits
Trade Component Value
Entry 775
Stop Loss (SL) 757
Risk 18
Target 995
Reward 220
Risk-Reward Ratio 12.2
Last High 900
Last Low 680
SBIN – Updated MTF Demand Zone Analysis
🔹 Higher Time Frame (HTF) Demand Zones
Timeframe Trend Proximal Distal Average
Yearly UP 660 500 580
Half-Yearly UP 660 600 630
Quarterly UP 660 600 630
HTF Average 660 567 613
🔹 Medium Time Frame (MTF) Demand Zones
Timeframe Trend Proximal Distal Average
Monthly UP 660 600 630
Weekly UP 738 719 729
Daily UP 775 757 766
MTF Average 724 692 708
🔹 Intraday Time Frame (ITF) Demand Zones
Timeframe Trend Proximal Distal Average
240 Min UP 775 757 766
180 Min UP 775 757 766
60 Min UP 775 757 766
ITF Average 775 757 766
✅ Consolidated Trade Points
Metric Value
Proximal Avg 720
Distal Avg 672
Combined Avg 696
✅ Strengths of the Setup:
All timeframes (HTF, MTF, ITF) show a strong UP trend, indicating alignment and directional strength.
Entry (775) is on a well-established Daily + Intraday demand zone → offering a solid support area.
Despite lowering the target from 1144 to 995, the RR remains high at 12.2, making this a still-attractive trade.
Target (995) is a reasonable swing move and sits well above the last high of 900, aiming for a new price discovery.
⚠️ Risks / Things to Monitor:
SL is tight (757); price could spike near it before moving higher—consider having a buffered SL or confirmation-based entry if volatility increases.
If the price retraces below 757, it would invalidate the current demand zone strength in the short term.
Conclusion:
This remains a high-conviction long trade, albeit with a slightly moderated target for a quicker reward realization. Strong confluence across all timeframes supports your trade thesis. Great RR, disciplined stop loss, and aligned demand zones offer a technically sound plan.
A dynamic exit strategy
Scaling plans (partial exit at 900)
Alternative SL strategies or re-entry if SL hits
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.