How supply and demand zone? follow this.
Yearly once price went to 600 levels rejected and reached 300 levels. 2019 is an exception price went to 800 levels and reached 250 levels before taking support. . . If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button, Your Support is very much 🙏 appreciated!
Range bound till this year if break all time high in this month with volume support then Target will 920 for myself study purpose not for trading
educational learning post
Just for my self Educational Purpose not for trading or investment for other Soon Retest at 1950 and then range bound for 45 day at between 150 point will reverse from here if volume above 50 M on MCB
NSE:BANKNIFTY Sell at 26150 SL 50 points Sell at 24720 SL 50 points Sell at 24190 SL 50 points Buy at 23750, SL 50 points Buy at 23150 SL 50 points CMP 23900 Bank Nifty is sideways and can be traded at above points. Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. ...
Note>> 11990 to 12245 is supply zone , three attempt have been made last two week to break it. Above this there is no supply zone so if broken can move to all time high. Overall Nifty is not bearish , Its sideways , If Reliance shows strong upside movement then it can break the supply zone. Sell 11714 SL 20 points Sell 11884 SL 20 points Sell 11830 SL 20...
Will it form dual bottom? will it recover to 500 odd zones in no timr ? will it crash to 360 odd zones ??
A complete “U” turn from the benchmark Nifty50 as it fell close to 2.5% in today’s session. No respect for the immediate support of (11,780-11,800) as the index cuts through and retraces gains of past six trading sessions. Thanks to this sharp sell-off one aspect is now confirmed - our rising channel has yet again proven itself as a strong source of resistance....
Nifty behaved exactly the way it was anticipated. A short-term dip, enough to get bears interested and create positions. And then bounced back sharply from close to anticipated supports at (11,750-11,800). I have drawn two rising channels on this chart, which I sense will now provide immediate resistances. Going ahead, I feel the index will face resistances from...
If the market is pulling towards upside direction with less magnitude towards downside direction we can call it as an uptrend. Characteristics of an uptrend: 1) Higher High and higher low pattern in the swings 2) Less magnitude in secondary swings or downside swings in this case Hope this helps:) Nataraj Malavade Author of Mastermind of Day Trading Quant Trader...
Hello Traders, I am back with the new educational concept. You may have often heard the word "RSI" We are going to study about RSI : "Relative Strength Index", which is the most used indicator. RSI is the price following indicator and it provides important levels from 0 to 100. The important levels of RSI are 40-60, 70-30 and...
Price moved 140 points from the support and it was a big move and money as well. 1400 will act as resistance level for the current up move and All time high is very near by ! So from the above it is clear that when price is trading at the support try buying it with small stop loss ( previous low / just below the support )
ACC GAVE A GOOD BO BUT STUDENTS IGNORED PREVIOUS HORIZONTAL SUPPORT SL HIT SETUP WAS SIMPLE
BNF may trade in a zone of 22750 to 21900. Breaking the lower zone of 21900-21800 will lead to 21600-21500. Upper zone of 22750-22850 would be acting as resistance. Breaking 22500 and sustaining above will change things completely for a target of 22700, 22900 & 23000.
SUPPORT AND RESISTANCE BREAKOUT AND RETRACEMENT