WIPRO: Value area taking shape

The market does facilitate trading in these price areas as we can see a lot of trading activity going on. Volume can be estimated in a number of ways though. Its main use is to identify support and resistance levels in the market, to gauge the strength of price movements, but it is best used in conjunction with other concepts and methods of analyzing the price. The above chart illustrates how supply and demand translates into price movements.
May 13
Comment: BUY WIPRO Fut 289.4 to 290 stoploss 289 and first targets intraaday safe 292.2 and cross 293 above then no worry for 295.8-298
Stoploss 289
May 15
Trade closed: stop reached: break down has been seen.
+3 Reply
Very helpful to me thanks once again
+1 Reply
@Kinnari_Prajapati ..Great!! Studies provided with the Charts really help us evolve & brings confidence to Trading with Technical Analysis.

Sincere thanks for your Charts & studies.
+1 Reply
@atrehan, thank you.
Excesses of value high and low, should we count will help to identify the breaking out direction?
shahkanchan HemangiWorlikar
@HemangiWorlikar, "Yes definitely help is to identify the direction side of break out. For example, Value high has 5 excesses and 7 exesses have at value low, therefore down break out higher probability than up.
+3 Reply
@shahkanchan, here is the perfect example of your examplanation. Nifty has given downbreak out.
+1 Reply
shahkanchan Kinnari_Prajapati
@Kinnari_Prajapati, thank you so much
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