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SIYSIL: A Strong Demand Zone Setup with High Reward Potential!When it comes to technical analysis, understanding demand zones can give traders an edge in identifying potential reversal points. Demand zones represent the footprints of institutional players who significantly influence the market. These zones indicate unfilled buy orders, and when the price revisits these areas, institutions tend to buy again, leading to a reversal. Let's dive into SIYSIL's price action and explore its technical structure! 🌟 Weekly Chart Analysis SIYSIL is currently displaying a highly structured setup. If we analyze the weekly chart , we can clearly see a well-defined Rally-Base-Rally (RBR) Demand Zone . The strength of this demand zone is reinforced by the fact that it broke a previous significant resistance level and formed an all-time high . 📊 Daily Chart Confirmation Upon shifting to the daily chart , the same demand zone is clearly visible. A strong follow-through from this zone has resulted in a powerful imbalance, further validating the structure. Moreover, there are currently no nearby supply zones that could act as resistance, making this demand zone even more significant. 💡 Observations Act of Polarity: The concept of polarity further strengthens this structure— the previous resistance level has now turned into support , aligning perfectly with the demand zone. Market Conditions: While this setup appears strong, it's essential to consider the current weakness in the overall market . Even well-defined structures can face challenges in uncertain conditions, so risk management is crucial. 📈 Final Thoughts SIYSIL presents a structured demand zone setup with multiple confirmations on both the weekly and daily charts. The alignment of the demand zone with previous resistance-turned-support adds a strong layer of confluence. Lastly, thank you for your support. Feel free to ask if you have questions. 🚀 "A successful trader is not the one who never loses but the one who learns to manage losses." Disclaimer: This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. I am not a SEBI-registered analyst.
NSE:SIYSILLong
by AfnanTAjuddin
How to define the Daily Bias for the Day? Determining the likely direction of the market for a particular day can be both challenging and cumbersome. Many traders find themselves overwhelmed by the multitude of data points and differing indicators. However, using a structured methodology, one can systematically analyze the chart and create a daily bias for the day. If you are an intraday trader, you can use a combination of the Daily chart for the bias and the 15-minute chart for the entry, or alternatively, you can use a 75-minute chart for the bias and a 5-minute chart for the entry. Steps to Identify the Daily Bias 1. Identify the Most Recent Swing High and Swing Low The first step in defining the daily bias involves identifying the most recent swing high and swing low. This can be done manually, or you can use ready-made indicators available on trading platforms such as TradingView to plot these points on the chart. Understanding swing highs and lows are fundamental concepts in technical analysis, representing the highest and lowest points within a specific time period. These points can indicate potential reversal areas where the market may change direction. 2. Divide the Region into Two Equal Parts Once the swing high and swing low are identified, the next step is to divide this region into two equal parts. This can be achieved using the rectangle tool in TradingView. Make sure to enable the middle line feature within the rectangle tool to visually divide the two sections. The middle line acts as a crucial reference point, providing a clear visual boundary between areas of perceived higher and lower value. 3. Define Retail and Wholesale Areas After dividing the region into two parts, the upper section is termed the “Retail Area,” where prices are considered expensive. Conversely, the lower section is called the “Wholesale Area,” where prices are deemed cheap. This concept stems from the basic economic principle of supply and demand, where higher prices in the Retail Area suggest selling opportunities, and lower prices in the Wholesale Area indicate buying opportunities. 4. Focus on Buying and Selling Opportunities With the areas defined, the next step is to focus on the appropriate trading opportunities. When prices are in the Retail Area, the focus should be on “Selling” opportunities. When prices are in the Wholesale Area, the focus should be on “Buying” opportunities. This methodology, known as “Curve Analysis” or determining your Bias for the day, simplifies the decision-making process by providing a clear framework for evaluating market conditions. Example: BankNifty 75-Minute Chart Let’s look at an example to understand this better. Here we have the BankNifty 75-minute chart. We have identified the most recent swing high and swing low on the chart and divided the section into two parts. The current market price is in the Wholesale Area, which means that on your execution time frame, which is 5 minutes, you will be focusing on buying or “Long” opportunities. Now, proceed to the lower time frame and identify your key levels of interest using support, resistance, demand, supply, or any other technical analysis tools. Observe how the supply zone on the chart played out beautifully and how prices fell from the Retail Area. This example illustrates the practical application of the methodology, demonstrating how historical price movements can inform future trading decisions. While the above steps provide a solid foundation for defining the daily bias, incorporating the following advanced tips can enhance your trading efficiency: 1. Use Multiple Time Frames Integrate multiple time frames to gain a comprehensive view of the market. For example, use the Daily chart to determine the overall bias and the 15-minute or 5-minute chart for precise entries and exits. This multi-time frame analysis allows traders to align shorter-term trades with the broader market trend, increasing the likelihood of successful outcomes. 2. Incorporate Technical Indicators Employ technical indicators such as Moving Averages, RSI, and MACD to corroborate your bias. Confirming signals from multiple sources can provide greater confidence in your trades. These indicators serve as additional tools to validate the defined bias, offering insights into market momentum, overbought or oversold conditions, and potential trend reversals. 3. Monitor Economic News Stay updated with economic news and events that could influence market movements. Important news releases can cause significant price fluctuations, impacting your defined bias. Economic indicators, such as GDP reports, employment data, and central bank announcements, can have profound effects on market sentiment and price action. 4. Practice Risk Management Always practice sound risk management strategies. Define your risk tolerance levels and use stop-loss orders to protect your capital. Never risk more than you can afford to lose on any single trade. Effective risk management involves setting appropriate position sizes, diversifying trades, and adhering to pre-defined risk parameters to safeguard against unforeseen market movements. 5. Keep a Trading Journal Maintain a trading journal to record your trades, strategies, and outcomes. Analyzing past trades can help you refine your methodology and improve future performance. A detailed journal provides valuable insights into trading patterns, strengths, and areas for improvement, fostering continuous learning and development. Conclusion Defining the daily bias for the day is crucial for successful intraday trading. By following the structured steps of identifying swing highs and lows, dividing the price region into Retail and Wholesale areas, and focusing on appropriate buying and selling opportunities, traders can streamline their market analysis. Remember to use multiple time frames, incorporate technical indicators, stay informed about economic news, practice risk management, and maintain a trading journal. With these strategies in place, you can effectively navigate the markets and enhance your trading performance. I hope you all find this article useful. Do give your valuable feedback in the comments section.
NSE:BANKNIFTYEducation
by VishalSubandh
6
HOW-TO: Use Demand and Supply Zones Pro [Afnan] As Screener In this video, I walks you through an exciting update to the Demand and Supply Zones Pro Indicator—integration with TradingView’s Pine Screener. This powerful tool allows traders to scan stocks based on demand and supply zones, helping to streamline your trading process and increase your efficiency. Key Highlights: Learn how to set up the Pine Screener for scanning stocks from your watchlist based on demand and supply zones. A step-by-step guide to creating and using a Nifty 200 Watchlist. Setting up Demand and Supply Zones Pro with custom timeframe and alert configurations. How the screener analyzes stocks, focusing on demand and supply zone proximity and key price levels. Understanding the columns in the Pine Screener and how to interpret them for your trades. This screener is available exclusively to Premium and higher TradingView plans, so ensure your account is upgraded to take advantage of this feature.
NSE:MAXHEALTH
by AfnanTAjuddin
18
SYNGENE: A Confluence of Demand Zones Worth Watching Understanding the market moves through the lens of demand and supply zones can give traders a critical edge. I’ve been looking at SynGene International ( NSE:SYNGENE ), and I think it’s at a super interesting level right now. Let me break it down for you in a simple way! 📈 Why SynGene Looks Promising Right Now Triple Timeframe Demand Zone Confluence : NSE:SYNGENE is trading in demand zones across the 75-minute, 125-minute, and daily timeframes. This rare alignment of zones suggests that "smart money" may be active here. Demand zones represent areas where unfilled buy orders are likely to exist, making this confluence a highly positive factor for demand-supply zone traders. Absence of Supply Zones : No supply zones are visible on the current timeframes or even on the weekly chart. This indicates that price movement may face minimal resistance ahead. The absence of supply zones on the higher timeframe (weekly) places the stock in a "wholesale area" as per Curve (location) analysis. Quality Demand Zone : The demand zones currently in play were instrumental in driving the price to an all-time high in the past. These zones follow-through candles broken multiple tested resistance levels, demonstrating their strength. Act of Polarity : While the price is not precisely in the demand zone right now, it is trading at a level that previously acted as resistance. This "act of polarity" (where resistance becomes support) adds another layer of technical validity to this setup. Uptrend on Higher Timeframe : The higher timeframe trend for SynGene remains upward, aligning well with the idea of buying on demand zones. 🎯 Key Trading Considerations - Entry Strategy : Look for entry opportunities near the demand zone, ensuring your stop-loss (SL) is placed below the distal line of the demand zone with a buffer. - Risk Management : Aim for a minimum 1:2 risk-reward ratio for your first target. If the price moves further upward, consider trailing your stop-loss to capture extended rallies. - Safety is Key : While the setup is promising, remember that no setup is foolproof. Discipline with stop-losses. Lastly, thank you for your support. Feel free to ask if you have any questions. 📢 Disclaimer : This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. Please note, I am not a SEBI-registered analyst. Always consult with a financial professional before making trading or investment decisions.
NSE:SYNGENELong
by AfnanTAjuddin
Reliance Industries Approaching Key Demand ZoneReliance Industries ( NSE:RELIANCE ) is approaching a significant daily demand zone. This demand zone is noteworthy due to its historical impact: following its formation, Reliance has broken through previous resistance levels and reached an all-time high. Key Observations: Strong Demand Zone: The current demand zone has demonstrated substantial strength in the past. Its formation preceded a major breakout to new all-time highs, highlighting its robustness. Breakout Confirmation: After this demand zone formed, Reliance surpassed its previous resistance levels, underscoring the demand zone’s significance in driving the upward momentum. Opportunity: Given the strength of this demand zone, the current price level presents a potential high-reward trading opportunity. Entering trades at this demand zone could offer an advantageous risk-reward ratio. Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
NSE:RELIANCELong
by AfnanTAjuddin
HDFC Bank AnalysisHDFC Bank has given a good bullish move in 2nd half today, I expect further bullishness. There are total 3 scenarios that can happen: Scenario 1 : Open above 1529 & retest of this level, buy if the level holds & market shows bullish momentum. Scenario 2 : Price comes down to the first demand zone between 1505-1510 & shows bullish momentum then buy for a min target of 1529 with 1505 as SL. Scenario 3 : Price comes to the 2nd demand zone between 1495-1500 & Shows bullish momentum then buy for a min target of 1529 with 1495 as SL.
NSE:HDFCBANKLong
by BharatAsani
Weekly Time Frame Analysis **It is near the supply zone(1930-1980) **price at lower level of range , it should be perfect entry for investment or a med term swing1280-1325 zone is touched 2nd time on 2nd may & start to move.below 1200 it would be sideway to downtrend above 1300 it would be in bullish mode.& above 2100 strong bullish( 1900-2000 supply zone)First of all dont worry about this trade because when nifty 50 started to rally upside it started also( means not a weak stock, a little slow). **again near 200 EMAOn higher time frame if price below the 200 EMA,it shows a little bearish mode. So any script far away from 200EMA on higher time frame then dont touch( my personal setup)
NSE:WHIRLPOOLLong
by mahhisingh