BANCOINDIA Testing Powerful Demand Zone + Breakout Retest 🧠 Understanding the Smart Money Footprints 🧠
Demand and supply zones are not just colorful boxes on a chart — they represent the footprints of smart money . When institutions buy, they don’t enter all their orders at once like retail traders do. Instead, they accumulate positions in parts — leaving behind a visible trail that we can identify on charts through price imbalances. These imbalances structures — form demand and supply zones .
When price returns to these zones, it’s essentially revisiting the footprints of big players — the levels where unfilled institutional orders might still exist.
In BANCOINDIA, we can clearly see this institutional footprint. The stock is now trading near a high-quality demand zone . The structure here is clean and powerful — a perfect Rally–Base–Rally (RBR) formation.
The leg-out candle that formed this demand zone had strong follow-through and even broke past the previous all-time high , confirming intense buying pressure. Now that price is revisiting this zone, it’s showing potential for a fresh upside move.
📉 Traditional Technical Lens 📉
Let’s now analyze BANCOINDIA through the classical technical perspective.
The stock had earlier broken a significant resistance level with massive bullish volume . That breakout confirmed strong demand participation. Now, price is retracing back toward that same level — which, according to the Law of Polarity , should act as new support.
Moreover, the 50 EMA is aligning beautifully beneath the price. The ongoing pullback is approaching both the EMA 50 and the previous resistance — a confluence that further strengthens the bullish bias.
If we observe the volume , we can see that the selling volume is drying up compared to the prior rally. This shows a lack of bearish momentum, increasing the probability of a bounce from current levels.
🎯 Confluence & Trading View 🎯
When we combine both lenses — Demand & Supply Zone Analysis and Traditional Technical Analysis — we find strong confluence:
The stock is sitting inside a powerful Rally–Base–Rally Demand Zone .
The previous resistance has now turned into support (Law of Polarity).
The 50 EMA is acting as an additional support layer.
Volume analysis shows selling pressure drying up.
Together, these signals suggest a high-probability reversal zone. If BANCOINDIA respects this area, we could see the next leg of rally begin soon.
However — as all seasoned traders know — no setup is 100% guaranteed. Risk management is your best friend. Always define your stop loss before thinking about your target. Even the strongest setups can fail, and protecting your capital must come first.
Identify your demand zone and entry level precisely.
Place your stop loss logically below the zone.
Aim for a 1:2 or 1:3 risk-to-reward ratio .
Let the market do the work — not emotions.
"In trading, patience and risk control build fortunes — not predictions."
Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions. 🚀
📚 This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
