Bullish trade

Trade Analysis
Trade Setup 1
Entry Price: ₹157.05
Target: ₹230.00
Stop Loss: ₹147.00
Risk-Reward Ratio: 7.26:1
Trade Setup 2
Entry Price: ₹141.95
Target: ₹230.00
Stop Loss: ₹133.75
Risk-Reward Ratio: 10.74:1
Technical Context
The chart shows a W-pattern formation (W_SS) with multiple support levels. Both trade setups are positioned at key support zones, with Trade 1 near ₹157.05 and Trade 2 near ₹141.95. The resistance level at ₹230.00 serves as the common target for both trades.
Risk Management
Trade 2 offers a superior risk-reward ratio of 10.74:1 compared to Trade 1's 7.26:1, making it potentially more attractive from a risk management perspective. Both trades have clearly defined stop losses at strong support levels, which helps in maintaining disciplined exits if the trades move against the position.
Current Market Position
The stock is currently trading at ₹202.12, which is above both entry points, suggesting these setups would be valid only on potential pullbacks to the specified entry levels.