SBIN🧠 Technical Logics Highlighted
Qtrly BUFL Zone is respected – strong confirmation of demand at 765–705.
Weekly ASZ previously formed at 793, reinforcing buyer interest.
Engulfing Pattern with DMIP & SOE confirms buying strength.
Current price trades above Gann Level (766) – a technical sign of strength.
💼 Trade Plan – Long (BUY)
Parameter Value
Entry 817
Stop Loss (SL) 810
Risk 7 pts
Target 1045
Reward 228 pts
Risk:Reward Ratio (RR) 32.6 (Excellent!)
📊 Additional Technical Levels
Metric Value
Last High 894
Last Low 666
Point Var 228
✅ Final Commentary
Risk-Reward (RR) of 32.6 is outstanding – even a few successful trades of this kind can yield massive returns.
Entry point (817) sits perfectly within high-probability zones, aligned with strong daily/60M demand levels (814–821).
Stop-loss (810) is tight and efficiently placed just below the key proximal demand.
Target (1045) is ambitious but justifiable with the current bullish structure and price action.
🔔 Suggested Next Steps
Set alerts near 810 and 821 to monitor price reaction.
Watch for confirmation candles or volume spikes at 817.
Lock partial profits if price nears 894 (previous high), and trail SL to secure gains.
🔍 Trend & Demand Zone Summary
Timeframe Trend Proximal Distal Avg Demand Zone
HTF (High TF) UP 680 621 650
MTF (Mid TF) UP 795 761 778
ITF (Intraday TF) UP 807 803 805
✅ Conclusion: All timeframes indicate a strong bullish trend. Price is moving upward from demand zones across HTF, MTF, and ITF levels.
