Demand Zone
ARCHIES LTD. long (Swing)Price has tapped into a monthly level and has reacted to it quite nicely.
On the daily two equal lows had been taken out on the way to a demand zone. as price started to break structure upside, an untapped zone at 11rs could be a potential buy.
the zone above is too risky given how much liquidity lies below it.
the zone below is already tapped as price gapped up and came back down (seen as a tail). this leaves 11rs as the only viable one.
Target can be whatever. GG
not financial advice.
BRITANNIA Swing Opportunity!!NIFTY50 stock BRITANNIA is at Demand Zone.
As we can see, BRITANNIA is taking resistance from a trendline since 12 April 2021. Currently, it is trading near its demand zone at 3423.45. Looking at recent day's deliverable quantity, we can say buyers are taking interest in this zone. RSI is also moving above 40.
We can consider BRITANNIA for a swing trade if it breaks the trendline with high volume.
Buying Range- 3400-3460
Stoploss- 3348 (Below recent swing)
Target- 3760
Risk to Reward- More than 1:2
Duration of trade- Near 1 month
It can also take some resistance near 3550. But I believe it will break that too.
What are your views? Do let me know in the comments.
Take it as an educational purpose. I am not Sebi registered or any Stock market expert.
Always do your own research before taking trades.
IBULHSGFIN BULLISH ASCENDING TRIANGLEBreakout from ascending channel pattern
Logic:
1.Breakout in the higher time frame
2.Good volume
3.Market structure
4.Higher high and lower low
Long AMARAJABAT : Bullish Harami CrossAnalysis:
1) Bullish Harami Cross Pattern has formed as today's close i.e. 26 May, 2021
2) RSI is converging with the stock, forming higher lows while stock has formed 2 consecutive lower lows. We consider it to be strongly bullish.
3) Stock is at very strong support from which it has previously formed new highs and shifted the trend from sideways to bullish.
Entry, Target and SL are mentioned on chart.
Disclaimer: These analysis are only for educational purposes only. You are responsible for your own actions.
Biocon Monthly Demand Zone Trade SetupBiocon monthly demand zone trade is marked on chart. We can take trade near Proximal line and below distal line we can set stop loss.
Best way to find out lower time frame demand zone in between higher time frame. In this case stop loss will be small.
I have marked both trade setups. Hight time frame frame (monthly) and lower time frame (daily)