Reliance Demand , Zone below Zone. Good for Swing Trading ,
A good 1:5 Reward to risk can be Expected on this Trade Setup
Entry above the zone and Stop loss below the Zone.
if above demand zone violates (breaks) then take entry on the Below Zone.
Disclaimer: Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply . It is for Learning and Understanding Purpose.
Even after a thorough research and Analysis a setup can fail due to any opposing News on that stock or on its Index and Market Volatility.
Hence ,kindly Take Position as per your Risk Management.
@jashan2119, Online Trading Academy (Sharekhan) Student :)
Bhagesh108
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@ahmedkhan5411, Rahul Ghose concept of Demand and Supply?
ahmedkhan5411
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@Bhagesh_Paraswani, yes
Bhagesh108
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@ahmedkhan5411, i know the concept bro. The only thing i want to understand is how to analyse when the stock is about to start the move.
ahmedkhan5411
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its all probability.... if you want confirmation trade then you can go lower time frame further to your ex execution time frame and see if there any bullish dojo or bullish candlestick pattern . but i dont do that... I simply take trade .. bcoz most of the time when we wait for confirmation stock/price has already left the zone.
Bhagesh108
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@ahmedkhan5411, thats true bro, mant times the price doesnt even touch the zone and starts moving higher.
The concept is really useful as mostly the SL is very small
ahmedkhan5411
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@Bhagesh_Paraswani yes and reward bigger...this is the key.. small risk big reward. :)
Bhagesh108
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@ahmedkhan5411, no doubt bro. It works great in intraday too.