A Great Demand Zone formed in Mazdock A Greatest Setup in Mazdock on Daily and 2H time frame that’s 99% sure to work and can easily give a return anywhere between 10-25% within a Month’s time
Demandlevel
Long in Petronet LNGThe structure in Pretonet LNG is a superb one and looks very promising from every angle.
The Demand zone (marked in Green) is a very very fine zone and one can look for Entry at 290.3 levels with Stop Loss @ 287 (closing basis) and Target (as per current chart) of 308 which can be trailed further as per your satisfaction.
Policybazar made a Fresh Demand Zone Policybazar made a great setup for a Short Term Swing Trade with expected approx 10% move which can be trailed further as per risk appetite
Network18 Demand zone Entry and Target zones are marked in the image above.
Note- Do you own analysis
Trading concept- Absorption of DemandMyth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong.
Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders.
Underlying logic:
1. Whenever the price keeps approaching a certain level, there are pending buy orders which are waiting to be filled.
2. Every time the price comes back to this level, a certain amount of orders gets absorbed.
3. More the price approaches that level, the lesser unfilled order remains.
4. Hence, ultimately all the orders get absorbed and we see a breakout/breakdown of that level.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
@johntradingwick
Buy ITC
LTP of ITC is on a good demand zone and is forming a ascending triangle pattern with support line. Also shows a symmetrical pattern with a long term trend line.
look for long position with a safe target of 240 and a far target of 255.
thank you
indusind bank long (positional)indusind bank positional long entry price 1128 , stop-loss 1017, target price 1598
NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
Manappuram | Good Demand areaManappuram is currently trading on a trendline support, where we could also see a demand area. With their nature of business involving gold and the yellow metal gaining strong every week, it should be good news for the company with improving loan to value. Stock is a good buy right away. Least case, the script should retest 144 again.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
