Updating trade plan for DHFL Long

Description

⋅ Apr 11, 2017 10:01 AM

Hi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.

Here's a trading plan for NSE:DHFL
Weekly location: Equilibrium
Daily trend: Up (Let's go long)
Hourly zones: Demand zone marked on chart

Trade duration (max): 1 week
Note: Target, Entry and SL on chart

Trade closed: target reached

⋅ Apr 12, 2017 6:12 AM

Comments

HASNAINK

⋅ Apr 11, 2017 12:31 PM

Hey Abhishek , wonderful analysis for far .
Can u plz provide with the strategy with this stock.Finding it difficult to analyse from the chart.

HASNAINK

⋅ Apr 11, 2017 12:31 PM

@HASNAINK, # so far

XABCD

⋅ Apr 12, 2017 6:02 AM

@HASNAINK, Sure! My strategies involve retracement of price to an earlier demand / supply zone.
In this case, there is a strong demand zone marked on chart in light red color.

top-most green line is the target: 389.85
middle grey line is the entry: 384.75
bottom red line is the stop loss: 382.20

Let me know if this helps!