HEROMOTOCO – Option Chain + Price Action Intraday Setup

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📊 HEROMOTOCO – Option Chain + Price Action Intraday Setup
🕒 Chart Type: 15-Min Timeframe
📅 Date: July 15, 2025
🎯 For Educational Purpose Only
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🔍 Chart Observations:
• Clean rally supported by increasing volume.
• Price nearing the Top Range / Resistance at ₹4465.
• A visible Demand Zone formed between ₹4328.80–₹4310.70 with a strong bounce.
• Volume spike confirms strong buying interest near demand levels.
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🔢 Option Chain Insights:
🔼 Call Side Activity:
• 4500 CE: Massive Long Build Up — OI +111.76%, premium ₹52.3 → Suggests strength.
• 4450 CE: Also saw strong Long Build Up with rising premium.
• 4400 CE: Witnessed aggressive Short Covering, adding fuel to bullish momentum.
📈 Interpretation: Option writers are unwinding shorts on 4400, and 4500 is seeing heavy buildup — bullish sentiment.
🔽 Put Side Activity:
• 4400 PE: Sharp Short Build Up, IV at 34.5 → Puts being sold aggressively = Bullish bias.
• 4300 PE: Also saw strong Short Build Up, with OI rising despite falling premiums.
📉 Interpretation: Put writers are confident on downside support holding.
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✅ Trade Plan Breakdown:
🔼 1. Best Buy – "Buy on Dip to Demand"
• Entry: ₹4328 – ₹4310 (Demand Zone)
• SL: ₹4306
• Risk Reward: 1:1 | 1:2 +
• Logic: Re-entry near demand zone + strong put writing + bullish volume = trend continuation
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🔽 2. Best Sell – "Fade the Supply"
• Entry: ₹4460 – ₹4465 (Supply Zone)
• SL: ₹4475
• Risk Reward: 1:1 | 1:2 +
• Logic: Price near resistance with possible exhaustion. CE premiums elevated → good short-risk area
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🟢 3. Best CE – "Momentum Play Above ₹4465"
• Strike: 4500 CE
• Trigger: If price breaks above ₹4465 with volume
• Logic: LTP ₹52.3 with Long Build Up, high delta (0.47) → Ready for breakout rally
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🔴 4. Best PE – "Rejection Trade Below ₹4430"
• Strike: 4400 PE
• Trigger: If spot breaks below ₹4430
• Logic: LTP ₹95.75, Short Build Up suggests hedge-unwinding or trap possibility on failure
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📦 5. Applicable Demand and Supply Zones
• Demand Zone: ₹4328.80 – ₹4310.70 (SL: ₹4306.30)
• Supply Zone: ₹4460 – ₹4465
• Mid-level Zones:
o Watch for support at ₹4373.15
o Breakdown area at ₹4281.60
• Bottom Range Support: ₹4190.00
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💬 STWP Summary View:
The sentiment is strongly bullish, backed by long buildup in calls and short buildup in puts. If price breaks above ₹4465, momentum CE trades can fly. But supply pressure could give quick fade setups for scalpers too.
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⚠️ Disclaimer (Read Before Trading):
• This setup is shared for educational purposes only.
• No investment advice or trade recommendation is being made.
• Always use proper risk management.
• STWP is not a SEBI-registered advisor.
• Markets involve risk. Trade with a plan, not with emotions.
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