1️⃣ Current Market Structure & Fibonacci Setup
The price is currently in a corrective wave, forming a potential ABC pattern from the swing high of ₹3,385.40.
The correction aligns with the crucial 113%-127% retracement zone, a powerful reversal area often referred to as the golden extension zone.
2️⃣ Why is the 113%-127% Retracement Zone Important?
3️⃣ Volume & Break of Structure (BoS)
Volume Imbalance: The price has left a gap at higher levels, which will likely act as a magnet for future bullish moves.
Break of Structure: A breakout above ₹3,075 will confirm bullish continuation toward the ₹3,332-₹3,364 zone.
4️⃣ Trade Plan with Confluences
Confluence Factors:
Price nearing a demand zone with FVG overlap.
113%-127% retracement aligns with Fibonacci and market psychology.
Wave C correction appears to be completing.
5️⃣ Risk Management
Always prioritize risk management in your trades.
Key Takeaway:
Pidilite Industries offers a great educational case study on using Fibonacci, demand zones, and structural analysis together. The golden retracement zone and volume imbalance make this a high-probability trade idea for both swing and positional traders.
If you find this analysis insightful, drop a like 👍, leave your thoughts in the comments, and follow for more educational market insights! 📊📈
The price is currently in a corrective wave, forming a potential ABC pattern from the swing high of ₹3,385.40.
The correction aligns with the crucial 113%-127% retracement zone, a powerful reversal area often referred to as the golden extension zone.
- []Support Zone: ₹2,945 - ₹2,886 (Demand Zone)
[]Golden Retracement Zone: ₹2,817 - ₹2,850
[]Stop Loss: Below ₹2,817 (Day Close Basis)
[]Target Zone: ₹3,332 - ₹3,364 (Volume Imbalance Zone)
2️⃣ Why is the 113%-127% Retracement Zone Important?
- []Liquidity Grab: This zone often acts as a "trap" where liquidity is taken before the market reverses.
[]Reversal Point: It overlaps with demand zones and volume imbalances, making it a high-probability area. - Harmonics: Possible completion of a corrective wave C in this range, signaling a potential trend reversal.
3️⃣ Volume & Break of Structure (BoS)
Volume Imbalance: The price has left a gap at higher levels, which will likely act as a magnet for future bullish moves.
Break of Structure: A breakout above ₹3,075 will confirm bullish continuation toward the ₹3,332-₹3,364 zone.
4️⃣ Trade Plan with Confluences
- []Entry Zone: ₹2,945 - ₹2,886
[]Stop Loss: Below ₹2,817 (Day Close Basis)
[]Target 1: ₹3,162.35 (Immediate Resistance)
[]Target 2: ₹3,332 - ₹3,364 (Volume Imbalance Zone)
Confluence Factors:
Price nearing a demand zone with FVG overlap.
113%-127% retracement aligns with Fibonacci and market psychology.
Wave C correction appears to be completing.
5️⃣ Risk Management
Always prioritize risk management in your trades.
- [] Position sizing should align with your risk tolerance.
[] Monitor price action near ₹3,075 for confirmation of bullish strength. - If the price breaks ₹2,817, reassess the setup.
Key Takeaway:
Pidilite Industries offers a great educational case study on using Fibonacci, demand zones, and structural analysis together. The golden retracement zone and volume imbalance make this a high-probability trade idea for both swing and positional traders.
If you find this analysis insightful, drop a like 👍, leave your thoughts in the comments, and follow for more educational market insights! 📊📈
İşlem aktif
Prices taking first rejections in volume imbalance zone.. part profit can be booked
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.