uditsen468

SUPPLY AND DEMAND ZONE (SUPPORT/RESISTANCE )

NSE:NIFTY   Nifty 50 Index
YES....AS SIMPLE AS IT LOOKS. NOW NIFTY IS HOLDING AT A GAP RESISTANCE COMBINED WITH 78% FIB LEVEL. IT WILL SOON DROP DOWN TO THE PREVIOUS SUPPLY ZONE LEVEL (SHOWN BY DOWNWARD ARROW) AND THEN IT WILL WORK AS A DEMAND ZONE WHICH WILL MOVE THE PRICE UPWARD TO THE NEXT GAP RESISTANCE LEVEL (SHOWN BY UPTREND ARROW).


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Comments

may i know the indicator name..
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uditsen468 rajasandy
@rajasandy, its not an indicator. these assumptions and targets are purely based on price action and fib levels.
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rajasandy uditsen468
@uditsen468, ok thanks... so we need to find this manually ryt.. !
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uditsen468 rajasandy
@rajasandy, yeahh totally, you will know price action by observing the market behaviour
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