vishnu76

MANAPURAM SWING LONG TRADE DEMAND ZONE

Long
NSE:MANAPPURAM   MANAPPURAM FINANCE
PRICE LEVELS ARE MENTIONED IN THE CHART. WE TAKE TRADE AT THE CURRENT PRICE OR EVEN IN THE PZONE ALSO. SINCE, IT IS IS COINCIDING LEVLS , ITS HIGHER PROBABLE WINNING TRADE. TYPE 3 LONG ENTRY IS INITIATED
Trade closed manually: price is basing in this zone for longer time. that means pending orders in the zone might have exhausted.. so, its better to exit at break even. it had already gone upto 167 levels.

Comments

Brought Manappuram at 158.3 on 31st July...now closing price on 7th Aug is 161.6

my target price is 183.

suggest me what to do now ?
should I keep this stocks or exit tomorrow ?

is there is any chance for up trend next upcoming week ?
if yes where I have to book Profit ?my target is 183

please suggest me targets & stoploss with time frame...:-) :-)
Reply
vishnu76 subhashsurabhi
@subhashsurabhi, I cannot decide your action. My analysis is based on following facts. There are weekly demand zone and lower time frame zones are coinciding. Which means that big institutions are willing to buy in this area. So, there is higher probably for the price to move up from the zone. But, there is another 4hr supply zone which may pull the price down to the demand zone again. Finally, weekly demand zone has to over come 4 hr sz and reach the target as planned. You take decision based on your analysis.
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hi this is a good analysis i have one doubt will the price break the demand zone
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vishnu76 nihaalnasar777
@nihaalnasar777, you see , trading is game of odds. we cannot say, every trade plan will win 100 percent. my assumption is based on the fact that current demand zone is coinciding with weekly demand zone, where big institutions are expected to buy the stock at chaeper price.
Reply
Good entry as well with coinicding zones. Thanks for sharing your analysis. Glad I found someone who follows demand and supply trading, and not conventional technical analysis.
Just one doubt, for type 3 entry we wait for a candle to close in demand zone and then buy on its way out .Am i right ?
Vishnu sir, Can you share your email id please. Since I too folow the same startegy as you. Would love to connect with you.
Reply
vishnu76 raj_thakur
@raj_thakur, ideally, for type 3 long entry, we have to confirm that there's enough strength in it so that price bounces from the DZ and closes above the demand zone. I hope I answered your query
Reply
raj_thakur vishnu76
@vishnu76, Yes understood. Thanks for explaining.
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raj_thakur vishnu76
@vishnu76, Is there any easy way, Where I can scan stocks for demand and supply trading ?
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