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
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since, entry is missed, we may look for type 3 entry. no type 1 entry hreafter
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AS EXPECTED, TYPE 3 ENTRY NOT TRIGGERED. NO TRADE INITIATED
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.
b.jawaney
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great sir
DEVINDER123
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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
vishnu76
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@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.
vishnu76
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@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