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Demandandsupplyzones

Why Concor Ltd. Is a Smart Buy"NSE:CONCOR Hello traders, I have done weekly chart analysis on container corp we may see some good buying opportunities in this stock. >Favorable Price Levels: Container crop stock recently experienced a correction of 32%, indicating that the stock has been oversold and could present a buying opportunity. The current price level may be considered attractive for investors looking to enter the market at a discount >And the price is coming towards strong support level 550-500. >Expected target would be T1 - 700, T2- 800 in future price may create new high
NSE:CONCORLong
by WallStreetmny
Unlocking the Power of Demand Zones: Jindal Steel Analysis Hello fellow traders! Today, we're diving into analysis of Jindal Steel, exploring some of the core concepts that every budding trader should know. 🌟 Understanding the Basics 📘 LTF: Lower Time Frame - This is a shorter time frame for analysing stocks. ITF: Intermediate Time Frame - This provides a comprehensive view of stock trends. HTF: Higher Time Frame - This offers broader view of longer time. EMA: Exponential Moving Average - It represents the stock's average closing price over a specific number of days. A 50 EMA means it's taking into account the last 50 days. Decoding Jindal Steel 🔍 Jindal Steel is presently trading within the demand zones across three timeframes: LTF, ITF, and HTF. The HTF view shows the stock is at a firm support zone labelled as RBR. Although the daily (ITF) trend appears sideways, the stock's position in the weekly HTF demand zone adds a bullish tilt. The proximity of the price to the 50 EMA in the ITF confirms an upward trend over the last 50 days. In the LTF, we notice a distinct pattern named DBR with five base candles. The leg-out candle is robust, and the follow-through seems promising. Trading Strategy and Insights 💡 Considering the comprehensive scoring, a score of 12 emerges, indicating a positive outlook. 631-632 price is potential buying levels. The stop-loss (SL) can be set slightly below the 125-minute demand zone, around the 623 mark. On the upside, a target price can be positioned just under the 125-minute supply zone, approximately at 662. This offers a risk to reward ratio of 1:4. Your Action Points 🌟 Analyse the data, ensure you understand the underlying concepts, and make informed decisions. Always remember: "In trading, patience is not just a virtue, it's the key." 🔑 Your feedback means the world! Please like, comment, and follow for more insights. Every interaction counts! Don't forget to follow me for more analyses: in.tradingview.com Disclaimer: The above analysis is purely for educational purposes. I am not a SEBI registered analyst. Always conduct your research before making any investment decisions. Thank you for your continuous support🌟
NSE:JINDALSTELLong
by AfnanTAjuddin
8
RELIANCE - THE TREND SETTER?? ♠︎Hello Pivster's ★ We see a beautiful chart of (Pivot-Points + Price-Action) on the street favourite and most watched stock by the bulls to provide them a power booster for the coming sessions if required. NSE:RELIANCE has off-late been in news for one of it's business subsidiary "JIO Financial"s stock market debut in the coming month. ➖ What can we expect further from Motabhai's company in the upcoming session ↘︎ 📍One of the main X-factor for this Oil & Gas giant up-move is declining Crude Oil prices which makes the scenario beneficial for all the OMC companies as a whole. • As seen in the chart with the applied Monthly Pivot Points, it is very clear of a strong confluence at a major support level with the ML3 cam level 2460-2475. • Here the responsive buyers in the broader TF took the price above the Monthly CPR which in terms of price-action is a triangular breakout pattern. But, wait do we see NSE:RELIANCE contributing approx. 25% of the previous session NSE:NIFTY 's upmove along with IT and FMCG sector as the script alone was up by 2.25% in the previous trading session 🤓 Keeping the above factors and pointers in mind we can expect bulls to take help of NSE:RELIANCE to break through the major seller's resistance zone and can act as a catalyst for the upcoming sessions. Lastly, if you liked it and found useful share it everywhere with your fellow-traders/friends/family etc... 🫶 Regards, Mukkull
NSE:RELIANCE
by PivotMinati
1
Support and Resistance- Flipping Roles⚡In simple terms, support is a level where demand overcomes supply, while resistance is a level where supply overcomes demand. In the market, different types of traders participate, and I have broadly categorized them into four groups based on their behavior. ⚡You may have heard that once a support level is broken, it tends to act as a resistance level, and vice versa. This phenomenon occurs because the roles of support and resistance flip, influenced by the psychology of traders at these levels. ⚡Let's illustrate this with an example. Consider Group A, a set of buyers who bought a stock at 80. The stock price rises to 100 but faces some resistance. At this point, Group B, consisting of short sellers, enters the market and starts selling the stock near 100, with their stop-loss orders placed just above 100. Thus there is supply present at this level. ⚡The price consolidates within a narrow range and eventually breaks out above 100. Group A is delighted as they bought at a good price, but Group B becomes unhappy. Some members of Group B exit the trade as their stop-loss orders get triggered, while others continue to hold in hope of a favorable outcome. ⚡Now, another group of traders, Group C, known as breakout traders, becomes active above 100. Their buy orders, combined with the buy-stop orders from Group B, add momentum to the upward movement, pushing the price up to 110. ⚡As the buying pressure eases, and short-term traders take profits, the market starts to pull back, eventually reaching the old resistance area around 100. ⚡Many pullback traders look for buying opportunities near this level. Additionally, members of Group B, who shorted at 100, realize their mistake and start buying to close their short positions at breakeven. Some of them also reverse their positions. Other buyers who were waiting on the sidelines also start entering the market. All these buy orders create a strong demand. ⚡Notice that once there was significant supply at 100 and now there is significant demand. If this demand is substantial enough, the price resumes its upward movement, illustrating how changes in market sentiment impact a participant's psychology and consequently affect the nature of support and resistance levels. ⚡The reverse is true for how a support level, once broken down, turns into a resistance level. ⚡I hope you found this tutorial helpful. Please stay tuned for more educational content in the future. Feel free to show your support by liking this post. Disclaimer: Practical knowledge
NSE:NIFTYEducation
by Bravetotrade
15
IEX Buy, based on Weekly chart.IEX is finally showing signs of a consolidation and also a potential breakout after a healthy correction from ATH. With RSI at 50+ on weekly charts, this makes it a good candidate for buying on dips for as long as trend is up. To ascertain if trend is up please keep track of certain indications - 1] Price action - Higher high and higher low formations 2] Moving averages sloping upwards 3] RSI above 50. Please keep an appropriate stoploss based on either support zones, moving averages or ATR and make sure to implement proper position sizing.
NSE:IEXLong
by Amit_Thakkar_
3
Nifty View for 25-05-2023In Nifty Upper side 18415-18440is Important Level and Lower Side 18050 is important level. Previous day Nifty has closed @ 18285. I have small changes in levels as per today movement of Nifty Check Previous Day Level Performance and comment. For any Feedback and Suggestion, please free feel to message us. Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:NIFTY
by easi2invest