Sharing the Idea after long time, was busy with some personal work.
In today's idea i am sharing two charts, Nifty daily and weekly chart. Have marked Demand and supply zones on chart.
Every demand zone may provide the long opportunity and supply zone will give shorting opportunity. Once price closes above or below demand/supply zone they change the role(Check the demand supply zone concepts on internet if you dont know them).
For near Future the up move can be expected as we are trading in demand zone, if price closes below the current zone then demand zone below the price will become target. There are many support and resistances which i haven't marked, please identify them and mark them on your chart along with demand and supply zones shared in this idea.
For entry and exit use my Vstop indicator script, have shared link for the same in this idea.
Following will be imp dates in future, we can expect price reversal on these dates.
how to identify supply and demand levels on your chart what are those red lines and green lines in day chart and week chart please do explain where to buy and where to short?
dhananjay.d.joshi
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@gb1986, sorry but i cant explain you the supply and demand concept in comments area, you will have to learn it amd practice it then only you will be able to plot them.
dhananjay.d.joshi
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13/11/2018 +- 4 days may be proven imp in nifty mid/long term trend. Keep close eye on price action.