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investingedge1s
Feb 5, 2024 8:33 PM

DCB BANK PRICE ACTION ANALYSIS Long

DCB BANK LTDNSE

Description

NSE:DCBBANK

WEEKLY DEMAND ZONE
This demand zone is good. But the price is reacting to the monthly supply zone and is coming down. So we will think of trading in this zone when some candles are formed, right now we should wait for the monthly demand zone below.

MONTHLY DEMAND ZONE
The monthly demand zone has broken a long consolidation, but the daily chart has some garbage candles. If the market is in an uptrend, you can trade. This zone will be good for taking the price to an all-time high.

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