Only for Educational purpose.
This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of...
INDIAMART @ CMP 7597 looks good buy as it has taking out the weaker hands by breaking the August 2021 low and then did good consolidation in the Demand Zone and has bounced up strongly. Stoploss 6870, First Tgt 8600, 2nd tgt 9300.
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-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see
It is just a view based on demand/supply, pls trade at your own risk
BEL , Long Swing Setup, Very Low on the curve,
- 30 min Quality Demand Zone , inside a Daily Demand Zone.
- A clean 1:5 RR Setup.
Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply .
It is for Learning and Understanding Purpose.
Even after a thorough research and Analysis a setup can...
- Strong resistance at 73 getting weaker after every touch
- Forming a good bullish structure
- Can enter once it reaches the demand zone at 64
- First target 73 which is around 12.5% ROI and if it breaches the resistance then can hold till the there is weakness
Please Read the Disclaimer below before taking any trade.
Volume Profile Driven Demand and Supply Analysis- ACC-Long
Entry @ 1145
Stop Loss @ 1134.85
Target @ 1165.3
Take care of your Risk Management, for example you are taking risk of say 200 INR, then your quantity of trade is calculated as risk(200)/difference of entry(1145) and Stop loss(1134.85).