A good supply/demand zone has broken. Previously this region acted as a good support many times(check weekly chart). Current price is above 50 and 20 ema on daily and weekly charts(200 ema is still above the price).Also a reverse head and shoulder like pattern can be seen(check weekly chart for clear view). If shown some good green candles with a good volume. Then...
NIFTY post market analysis on 19-02-2021 Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Based on Supply and Demand Analysi. Got a nice event break from H4 Supply Zone and a sniper entry from M30 Zone. Risk Reward Ratio Possiblity 1:10+. Move stops to BE & Take partials accordingly.
Weekly Income Trade with Risk reward 2.86
Auropharma was into a sideways zone since last few weeks. In the last session an attempt has been made to break above the zone. 480-485 levels will serve as near term resistance above which the stock can move up to 560 zones comfortably, the next supply area is placed there. The RSI has maintained itself well into the bullish levels,also the MACD have turned...