LODHA:Triple Confluence Zone - Fib, Horizontal & Channel Support
Hey Traders!
LODHA is showing a compelling bullish structure on the 4H chart — backed by clean price action, structure, and strong confluence.
Technical Breakdown:
✅ Ascending Channel: The stock has been consistently respecting its upward-sloping channel since March, forming a sequence of higher highs and higher lows.
✅ Fibonacci Retest: The recent retracement found strong support around the 0.5 and 0.618 zone (₹1,352), aligning with both the horizontal support and the lower channel line.
✅ Horizontal Support: The zone around ₹1,352–₹1,375 (a previous resistance) acted as a strong support during the pullback. Price bounced cleanly from it — confirming its importance.
✅ Confluence: The lower channel support, horizontal support, and Fibonacci level all align in the same area — boosting the reliability of this bounce.
Trade Setup:
Entry Zone: ₹1,435 (Around current levels)
Stop-loss: Below ₹1,328 (Closing Basis)
Target: ₹1,700 (upper channel boundary)
Reward-to-Risk: 1:2.5
Disclaimer:
This analysis is for educational purposes only. Please do your own research and use proper risk management.
Thanks for reading!
If you liked the setup, drop a comment or a like!
Looking forward to hearing your thoughts.
Happy Trading!
— Anantesh
LODHA is showing a compelling bullish structure on the 4H chart — backed by clean price action, structure, and strong confluence.Technical Breakdown:
✅ Ascending Channel: The stock has been consistently respecting its upward-sloping channel since March, forming a sequence of higher highs and higher lows.
✅ Fibonacci Retest: The recent retracement found strong support around the 0.5 and 0.618 zone (₹1,352), aligning with both the horizontal support and the lower channel line.
✅ Horizontal Support: The zone around ₹1,352–₹1,375 (a previous resistance) acted as a strong support during the pullback. Price bounced cleanly from it — confirming its importance.
✅ Confluence: The lower channel support, horizontal support, and Fibonacci level all align in the same area — boosting the reliability of this bounce.
Trade Setup:
Entry Zone: ₹1,435 (Around current levels)
Stop-loss: Below ₹1,328 (Closing Basis)
Target: ₹1,700 (upper channel boundary)
Reward-to-Risk: 1:2.5
Disclaimer:
This analysis is for educational purposes only. Please do your own research and use proper risk management.
Thanks for reading!
If you liked the setup, drop a comment or a like!
Looking forward to hearing your thoughts.
Happy Trading!
— Anantesh
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.