vishnu76
Long

UBL LONG DZ PRICE ACTION

NSE:UBL   UNITED BREWERIES L
DEMAND ZONE IS THE AREA WHERE PENDING ARE WAITING UNFILLED. OUR PLAN IS TO TRIGGER THOSE PENDING ORDERS IN OUR FAVOUR WHEN PRICE COMES BACK TO THE ZONE

BUY 1038.95
TARGET 1056.30
STOP 1029.50
Comment: since, entry is missed, we may look for type 3 entry. no type 1 entry hreafter
Comment: AS EXPECTED, TYPE 3 ENTRY NOT TRIGGERED. NO TRADE INITIATED

Comments

just be patient. wait for price to come back to the zone, where pending orders left ovr by big institutions are pending. for ex, if 2 1039 is the price institutions might have placed 3 lakhs limited orders, and 2 lakhs limited orders got executed before price started to move higher. it means still there are 1 lakh limited orders at the price of 1039. if price come back to 1039, will the 1 lakh limited orders at 1039 rs get executed. here, we go long at 1038.95 or 1039. this means that we are trading by joining hands with big institutions. this is called professional trading of the big institutions.
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great sir
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how you sort stocks
is this level work for intra day as in 15 min. chart there is 1 more demand zone just above so how we have to react. please share your view
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vishnu76 DEVINDER123
@DEVINDER123, there is no demand zone above the i marked. just be patient. wait for price to come back to the zone, where pending orders left ovr by big institutions are pending. for ex, if 2 1039 is the price institutions might have placed 3 lakhs limited orders, and 2 lakhs limited orders got executed before price started to move higher. it means still there are 1 lakh limited orders at the price of 1039. if price come back to 1039, will the 1 lakh limited orders at 1039 rs get executed. here, we go long at 1038.95 or 1039. this means that we are trading by joining hands with big institutions. this is called professional trading of the big institutions. i hope i clarified your doubt.
Reply
vishnu76 DEVINDER123
@DEVINDER123,
scanning the stocks is not easy as far as dz methodlogy is concerned. it takes atleast 2 hours a day only for the scanning
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great
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