Demand Zone
taking good support for long positionsL&T Finance holdings is taking good support on fib retracement 0 levels and could give upside more to 90 and 96 levels in few days but if breaks 75 on downside then could go down more. one could use 75 levels as strict stoploss. please remember its just for study purpose only and i do not suggest anyone to invest without doing own research.
WAIT FOR A PULLBACK TO ENTER LONGS IN VEDLVEDL had a successful breakout on 29.07.21 and would have given around Rs 60 profit. Since the stock is an uptrend would it be prudent to enter now.
My thinking is since the stock has given a good profit in the push phase we should wait for a pull back to enter fresh longs.
Also we have a negative divergence. So wait and watch before committing to fresh longs.
COLPAL... ACCUMULATE FOR LONGTERMSupply zone- A price area where is strong selling interest. The supply is more than demand.
Demand zone- A price area where there is huge buying interest. Demand is more than the supply.
When the supply zone is broken out it turns into a demand zone.
COLPAL is at a good entry point. Can accumulate from 1600 to 1650 levels for the long term.
A good swing trade opportunityprice can give a good bounce back from here, anticipating a trend reversal from the current market price R:R(Risk:Reward)= 1:2
A good trader never predicts a move in stock market because nobody can predict the market. A good trader anticipate a move through his technical and fundamental analysis . And there is no 100% sure trade, there is always risk involved. Don't forget "Risk hai toh ishq hai ! "
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