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approaching a demand zone on the daily time frame
can make a bull put spread for ez gains
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Demand Zone
Petronet Trade setup - LongPetronet at demand zone.
Buy setup detail
Entry-222 or near about price
SL- 213
Target 240-245
TATAMOTORS | Strong demand zone - Still sector is weakTATAMOTORS | Strong demand zone - Still sector is weak
CMP : 292
SL : 250
Target : 350, 450, 570
Sector is super weak, just accumulating at this discounted price as stock corrected 20% from recent swing high.
HindZinc Triangle False Breakout Hindzinc False breakout.
Support at bottom of triangle broken.
Currently at trendline support.
Next support level 309-310.
Follow for more.
Sunpharma Multi year breakoutSunpharma stock is near multi year breakout. If price get success on breakout sure we will stock on new highs.
BHARTI AIRTEL: Symmetrical Triangle formationBharti Airtel trying to break out of a symmetrical triangle after taking support from the demand zone.
CRUDEOIL LongCRUDEOIL is reacted from weekly demand , good to buy. Target last high or new life time high.
BPCL LongIf price sustain on recent weekly demand zone then good to buy.
As per my understanding all upper supply zone are tested if we get ride on right time then target will be new all time high.
Double Top patternhello guys "LOOK AT CHART"
: you can see
" double top pattern"
"support and resistance"
"demand zone"
:follow the chart pattern, don't be over confident, follow the trend and have good trade.
IBULHSGFIN trade setup - Long IBULHSGFIN near demand zone.
Buy setup detail
Entry-258 or near about price
SL- 240
Target 300
Buy as Demand for Bajaj AutoCup and handle chart pattern formed.
Fibonacci levels shows price retraced 50%.
Current market price at a demand zone and touched a well respected trendline.
Go for a long position and keep a target Rs.4600
Confluence of Demand zone and Triangle in AirtelBhartiAirtel is showing a symmetrical triangle pattern and a triangle pattern with a long term demand zone.Wait for a breakout.preferably upward movement is coming and take a long postion with a target of 600.
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
GRASIM 1D Indicating Strong Demand1) Price consolidating for more than a month
2) Two recent pullback with 2nd pullback with higher low indicating stocks is in strong up move
Watch for upside breakout after consolidation (accumulation phase at top). If it breaks down (distribution phase) then wait for price to retrace back to any of the previous pullback level and then reversal.
havells is in buying rangeentry the stock right after breakout and ride the profit till 1080
and also has better risk reward.
HCL trade setupHCL trade setup based on daily demand zone.
Entry - 945.8-946
SL- 934.75-933
Target-967-970
BataIndia demand zone trade setup 2:1 trade setup on bataindia stock
Entry - 1558
SL - 1518
Target- 1638
