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.
Demand Zone
INDHOTEL
The Indian Hotels Co. Ltd view for Intraday 27th Jan #INDHOTEL
Resistance 790 Watching above 792 for upside movement..
. Support area 770 Below 780 ignoring upside momentum for intraday
Watching below 768 or downside movement...
Above 780 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
SBICards-Can it finally make a comeback?SBICards has been underperforming since last few years.
700-730 has proven to be a strong demand zone for the stock historically and looks like history is getting repeated.
950-1000 is a strong supply zone. Once it is broken, we can see this stock fly to new highs.
Currently, stock is a perfect example of buy low, sell high.
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.
Greaves Cotton Trendline Breakout after Taking Support Earlier NSE:GREAVESCOT today broke the Rising Trendline taking support beautifully near the convergence of 200 DSMA and Demand Zone Few Days Ago. The MACD is Strongly Positive.
Today it Had a Huge Volume candle on the back of news of board approval of the subsidiary's IPO Greaves Electric Mobility (GEML). GEML's IPO will involve a fresh issue of equity shares and the sale of shares by some existing shareholders although IPO is subject to approval by GEML's shareholders.
NSE:GREAVESCOT is primarily engaged in the manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment.
A Close above ATH will have a Fresh UPMOVE for a Swing Trade.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
GHCL Analysis: Supply & Demand Zones Strategy with Breakouts In this video, we analyze the NSE:GHCL chart using the Demand and Supply Zones Lite Indicator.
Watch as I explain how to:
Identify Stage 1, Stage 2 , and consolidation phases.
Spot breakouts and understand the concept of a flush .
Use demand zones nested inside resistance-turned-support areas to plan high-probability trades.
This video is perfect for anyone looking to improve their technical analysis skills and learn how to trade using demand and supply zones.
Disclaimer: This video is for educational purposes only. Always conduct your own analysis before making trading decisions."
IRCTC-A monopoly stock available at discount!Technically, IRCTC has been in an uptrend since its listing in 2019.
Stock has taken support multiple times at trendline visible on chart.
If stock breaks this trendline due to bearish broader market, we can see a swift move towards 660 levels which is yet another demand zone.
Levels given on chart.
As most of us know, it is a monopoly PSU stock and has big potential in long term given the expansion of rail networks in India. It is not a recommendation but my personal opinion. I am a NISM Certified research analyst and not SEBI registered.
Universal Cables Breaking Out With Good Volumes.NSE:UNIVCABLES today made a king candle hitting the upper circuit of 20% throughout the day with a huge Volume Candle. It took support from a Major Demand Zone With MACD Showing a Buy Signal, until 20 DSMA or Demand Zone is not Breached the up move will Continue further.
NSE:UNIVCABLES is predominantly engaged in the business of manufacturing a large range of power cables from 1.1kV to 400kV & capacitors, Turnkey Projects and other types of wires and cables, conductors, etc.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
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.
TataMotors | Bullish from here ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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BTC Short setup for 04-12-2024 Looking for the short setup from two point of zone.
First zone is at 97k and second one is at 97800 levels as marked in chart.
BTC seems changing the direction for the shortterm correction till 87-85k levels.
Entries would be identified after finding the reversal setup as mentioned in the chart.
Trade with right risk and reward.
This is shared only for the educational purpose.
Honaut: Strong Daily Demand Zone & 44,000 Weekly SupportHonaut is currently trading entering a strong daily demand zone between 44,275 and 43,060, which could offer significant support if price stays within this range. Additionally, we observe a key weekly support line at 44,000 (also aligns with a psychological level). This makes it an even more significant area for potential price action.
Key Levels:
Daily Demand Zone: 44,275 and 43,060
Weekly resistance turned support Line: 44,000 (previous resistance now acting as support)
If the price remains within the demand zone, this could be an ideal area for potential reversals, especially with the added confluence of the 44,000 psychological level. Watch for price action confirmation and the possibility of an uptrend continuation or reversal as the price approaches this zone.