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Demand Zone

LONG TERM INVESTMENT PICK - BANDHAN BANK - READY TO TAKE OFF ?SYMBOL - BANDHANBNK Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking. This company is fundamentally good. having 32,800 cr. market cap, Bandhan Bank is currently trading 11 P/E. This stock is in a downtrend since a long time. Currently trading at 200 which is a long term strong demand zone. Long positions can be made at CMP 200 with stoploss of 170. I believe this stock can be next multibagger & this is a great investment pick at current levels. Targets can be 600 & 700 which is ATH & beyond. Disclaimer - I have invested my investment allocation today. Do not consider this as buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
NSE:BANDHANBNKLong
by akshit_official
3
AUBANK - LONG TERM INVESTMENT CANDIDATE ?AU Small Finance Bank Limited is engaged in providing a range of banking and financial services including retail banking, wholesale banking, treasury operations and other services. CMP - 565 AUBANK is currently trading in a support zone & looking good for long term investing perspective. I am allocating my investment allocation at CMP. Targets I'm expecting are 785 & 850 which is 40-48% upside from current level. My SL would be 500. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
NSE:AUBANKLong
by akshit_official
Tata Motors - Poised for a Powerful UpsurgeTata Motors is presenting an exciting setup, and all signs point to a potential strong move upwards, thanks to multiple demand zones aligning perfectly across higher time frames. Monthly Demand Zone : Tata Motors has firmly entered a high-confluence area, with the monthly and daily demand zones acting as a solid foundation. These zones represent areas where big buyers historically step in, making it a strong base for a bullish reversal. The confluence between the larger time frames adds even more strength to this zone, suggesting a high probability of upward momentum. Monthly Demand Zone Daily Demand Zone Reactivity: On the daily chart, the price dipped into a daily demand zone, triggering a sharp bounce. The immediate reaction from buyers shows the validity of this zone, with bulls actively defending it. This reactivity adds further confidence that Tata Motors may have found a strong floor.( visible in lower time frame Charts) Daily Demand Zone: Lower time frame Reaction: Higher Timeframe Trendline Support : Adding more weight to this bullish setup is a long-term trendline support, which has acted as a reliable level for price to bounce from historically. This trendline is now aligning with the demand zones, creating a super-strong support structure. It’s not just the demand zones that are holding; the higher timeframe trendline is also providing a solid foundation for the price to launch upward. Trend Line support Gap-Filling Opportunity: There’s also a gap in price that remains unfilled, creating a target area for bulls to aim for. Gaps often act like magnets for price, and with the support from both the demand zones and the trendline, Tata Motors looks set to make its way upward to close this gap With Tata Motors sitting in a confluence of monthly and daily demand zones, supported by a long-term trendline and a gap-filling opportunity, the setup is ripe for a significant upside move. The alignment of demand zones across multiple timeframes combined with the trendline support creates a compelling case for a bullish rally. This is one to watch for a potential strong uptrend!
NSE:TMPVLong
by JS_Trading_Tradingmadesimple
Dr. Reddy's : Triangle Pattern Formation in Demand ZonesDr. Reddy's stock is currently forming a descending triangle pattern on the 2-hour, 4-hour, and daily demand Zones. This pattern and its positioning within demand zones are crucial for potential future movements. Key Observations: Triangle Pattern : The stock is creating a descending triangle pattern, characterized by a series of lower highs and a horizontal support level. This pattern often precedes a breakout or breakdown, depending on the direction of the price action. Demand Zones: The triangle pattern is developing within established demand zones on all three time frames. These zones are areas where buying interest has been strong in the past, which may influence the pattern's outcome on the upside. Implications: Potential Breakout : Watch for a breakout above the upper trendline signaling the start of a new trend. Support Levels: The demand zones within the triangle may act as crucial support levels. A bounce from these levels could lead to a trend reversal. Key Levels: Demand Zones: Daily: 4Hour: 2Hour: Pattern: Lets monitor the price action closely as the stock approaches the apex of the triangle pattern for potential trading opportunities when it breaks out
NSE:DRREDDYLong
by JS_Trading_Tradingmadesimple
Vodafone in 4H & 2H Demand Zones: Potential Reversal Ahead?Vodafone is currently consolidating in both the 4-hour and 2-hour demand zones , coupled with daily trendline support , indicating a strong potential for a bullish reversal. This price consolidation suggests potential accumulation and could lead to a bullish reversal in the near future. Also convergence of support levels across multiple time frames adds confidence to a possible bounce in price action. There should be a lookout for a potential bullish breakout, especially considering the strong confluence of support levels. Key Levels: Daily Trendline Support: 4H Demand Zone: 2H Demand Zone: Breakout Possibility The price is consolidating within the demand zones in both the 4H and 2H time frames, while maintaining contact with a daily trendline support. This consolidation could signal an accumulation phase, where the market is indecisive before a breakout. Once the price has broken out of the range (i.e resistance @ 13.77), The target could be the next supply zone around 15. There is also a small gap filling opportunity as well
NSE:IDEALong
by JS_Trading_Tradingmadesimple
3
Unlocking Potential: ELGIEQUIP's Bullish Reversal Signal In the world of trading, spotting key opportunities can make a significant difference. Today, we'll dive into an exciting analysis of ELGIEQUIP, focusing on its current position and what it signals for future price movement. Key Technical Analysis Daily Demand Zone 📉: ELGIEQUIP has recently reached a significant daily demand zone characterized as a Rally Base Rally (RBR) . SMA 200 Support 📊: The stock is currently trading around its daily 200-SMA (Simple Moving Average). This key moving average often serves as a strong support level. Polarity Action 🔄: The current level of ELGIEQUIP was previously a resistance area. According to the principle of polarity, resistance turning into support can be a powerful signal. This transformation adds to the strength of the current support zone. Up Sloping Trendline 📈: ELGIEQUIP is also at an up-sloping trendline where the price has historically found support. This trendline further reinforces the potential for a bullish reversal. Volume Analysis 📉: A critical observation is the declining volume on both daily and weekly timeframes. Lower volume during a downtrend often suggests reduced selling interest, hinting at a potential price bounce. Trade Setup and Strategy Given these factors, ELGIEQUIP presents a low-risk, high-reward trade opportunity. The confluence of demand zone support, SMA 200, trendline support, and low selling volume suggests a strong potential for a bullish reversal. Traders can aim for a minimum target of 1:2 reward-to-risk ratio, making this setup an attractive proposition. Conclusion In summary, ELGIEQUIP's technical setup aligns well with a potential bullish reversal. Remember, trading is about managing risk and seizing opportunities wisely. 🚀 Thank you for your support . Feel free to ask if you have questions. “Success in trading comes from consistent discipline and strategic planning.” This analysis is for educational purposes only and is not a recommendation. I am not a SEBI registered analyst.
NSE:ELGIEQUIPLong
by AfnanTAjuddin
7
Reliance Industries Approaching Key Demand ZoneReliance Industries ( NSE:RELIANCE ) is approaching a significant daily demand zone. This demand zone is noteworthy due to its historical impact: following its formation, Reliance has broken through previous resistance levels and reached an all-time high. Key Observations: Strong Demand Zone: The current demand zone has demonstrated substantial strength in the past. Its formation preceded a major breakout to new all-time highs, highlighting its robustness. Breakout Confirmation: After this demand zone formed, Reliance surpassed its previous resistance levels, underscoring the demand zone’s significance in driving the upward momentum. Opportunity: Given the strength of this demand zone, the current price level presents a potential high-reward trading opportunity. Entering trades at this demand zone could offer an advantageous risk-reward ratio. Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
NSE:RELIANCELong
by AfnanTAjuddin
BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA. The up move may continue with a slight doji-like candle. 134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive. You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards. LEVELS -Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity. -We are aiming for targets of 150, 158, and 170; short to semi-long term respectively. -If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125. Happy Trading :)
NSE:UNIONBANKLong
by rohix
TATA STEEL TAKING A DIP TO ITS DEMAND ZONEDetailed Analysis of Tata Steel Chart Sector: Steel Signal: BUY Logic below: TECHNICAL VIEW - The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level. Volume: 40.165M | Average Volume: 26.832M The recent trading volume is significantly higher than the average volume, indicating increased investor activity. The presence of large red volume bars suggests higher selling pressure recently. Relative Strength Index (RSI): 44.37 The RSI is below the neutral 50 level but above the oversold threshold of 30, suggesting that the stock is neither overbought nor oversold but is leaning towards a potential buying opportunity if it dips further. Moving Average Convergence Divergence (MACD) - MACD Line: 0.71 - Signal Line: 0.65 - Histogram: 0.08 The MACD is positive, but the histogram shows diminishing momentum. This could indicate a potential bearish crossover if the MACD line crosses below the signal line. Key Levels Support Levels 1. Immediate Support: ₹171.53 (50-day EMA) 2. Next Support: ₹170-168.80 (highlighted zone) 3. Strong Support: ₹150.69 (100-day EMA) Resistance Levels 1. Next Resistance: ₹177.25 2. Strong Resistance: ₹183 (supply zone) Buy Recommendation Based on the current technical setup, buying Tata Steel near the current price level of ₹171.80 can be considered if it holds above the 50-day EMA of ₹171.53. The RSI and MACD suggest some caution is warranted, so a slightly lower entry point could be more favourable. Suggested Buy Level Buy Level: ₹170 - ₹168.75 (ensure the price holds above the 21 EMA) Stop Loss (SL) Stop Loss: ₹166 (just below the highlighted support zone) Target Levels 1. Target 1: ₹177.25 2. Target 2: ₹183 3. Target 3: ₹195 (Fibonacci level) Conclusion Tata Steel is currently near a critical support level around its 50-day EMA. If the price holds above this level, it could provide a good buying opportunity with a favourable risk-reward ratio. Monitoring the volume, RSI, and MACD for any further bearish signals is crucial before entering a trade. Summary Buy Level: ₹170 - ₹168.75 Stop Loss: ₹166 Target Levels: ₹177.25, ₹183, ₹195
NSE:TATASTEELLong
by rohix
SUNTECK - EXCELLENT SETUP (MULTIYEAR BREAKOUT)Price Action has gone through multiple contractions since 2019 and is now poised to breakout of a major supply zone. Though Price action has broken the barrier, will still wait for a day to confirm a true breakout First contraction was close to 72%, followed by 50% during 2023 & finally reduced to 28% before giving a breakout. Squeeze kept getting tighter for each consecutive contraction which is a very positive sign. Even Volume support seems to be present along with Sectoral Tailwinds behind Real Estate
NSE:SUNTECKLong
by Stock-n-Shine
8
CAMS standing on a strong demand zoneCAMS has been in a downtrend from end of 2021. We can see on the chart that the stock is consolidating near a strong support of 2000 level. RSI is forming higher lows which indicate strength of buyers at this level. It looks attractive at CMP for a positional long trade for minimum target of 2300.However, a weekly closing below 2000 levels will have a sharp fall upto 1750 levels which is a major risk. Kindly consider this idea for educational purposes and trade as per your own analysis.
NSE:CAMSLong
by chartistamey
ROTO - RISING WEDGE BREAKOUT (POTENTIAL FOR UPSIDE)Hi All, This is about Roto Pumps Fundamentals: Market Cap - 1680 Cr Stock PE - 42.9 EPS - 12.5 ROCE - 24.4% ROE - 22% Promoter Holding - 67.3% Quick Ratio - 1.35 D/E - 0.27 Technicals: Strong chart since Nov 22. Price action was moving in the pattern of rising wedge but recently given a strong breakout on good volumes which can take the price to higher levels very soon Demand seems to be exceeding supply & should witness less profit booking taking the stock price sharply towards north side Hope you enjoy this idea, Happy Trading, Thanks, Stock-n-Shine
NSE:ROTOLong
by Stock-n-Shine