Price started with month demand zone which rally base rally demand zone. CANBK analysis on monthly time frame. 1st target 360 after crossing SZ1 2st target 583 after crossing SZ2 3st target 705 after crossing SZ3
-From 1st of Dec 2021 Price start taking support on monthly demand zone and went up. -Price is near weekly supply zone. -changes high bank nifty create new higher high.
Bandhan Bank good for long term investment. As of now price reacted from weekly supply zone (WSZ) and previously price taken support from Monthly demand zone (MDZ). Good to buy near by 262 to 257 for target 580 and all time high. WDZ - Weekly demand zone WSZ- Weekly supply zone MSZ- Monthly supply zone MDZ- Monthly demand zone
Two entry points according to demand zone concept.
Apollohospital trade setup marked on chart. Best buy price is 4120.
HDFC near it's weekly demand zone and according to demand zone good to buy at 2470 or near by price.
IRCTC good to buy above recent marked supply zone. Next zone is too for away it will good to buy above supply zone and ride up to next supply zone.
NTPC good to buy near marked demand zone for target recent previous high.
Media sector already given breakout and sustain. So start focusing on media shares. That's why i have bought Zeel and SUNTV like stocks on good time.
1st buying zone - Buy at @CMP or buy when price retest buying zone. or 2nd buying zone - Buy at 2nd buying after retesting. Below lower black line stock is invalid. Target open if breaks upper black line.
Range bound from last 15 days, chances are high for breakout upside. If price sustain over price range 3692 then good to buy for target previous high or new higher high.
If nifty will not sustain over current stage than we can see nifty at 16700 or 16000
Range bond from last 15 day, chances are high for breakout. Price got support from demand zone and good to buy if price sustain over 1175/1195. 1st safe target 1240.
bajaj-auto weekly demand and supply zone on chart , plan your trade accordingly.
Demand and supply zones are marked on chart, based on same plan your trades.
NMDC reacted from strong demand zone and good to buy near resistance trendline support points or above 145. Targets would be T1- 168/ T2- 177 / T3 -197
Range bond from last 15 day, chances are high for breakout. Stock will trending last 2 weeks. Price got support from demand zone so good to buy for 1st safe target 2620
We can see gaps in Nifty index chart. So it's normal behavior of market some time later markets come down to fill gaps. Correction/ gap filling process provide strength.