Short built up
Net Change: -8.79%
OI Change %: 21.9%
CALL @ 900 (Resistance Zone)
PUT @ 800 and 740 (Support Zone)
SHORT NEW SUPPLY in 1 Hr. Time frame
ENTRY : 845
Target 1 : 805
Target 2: 745
Voltas has been making all time high and is in an Up Trend. As a trader we would like to buy with the trend. Here on 60 min we can see:
Rally, Basing (Pause) and again a Rally; A Demand Zone Pattern which can be used as a Long Strategy.
Disclaimer: Ideas published here are for information purposes only and do not advocate any buy or sell recommendations
On Daily chart, 2 Supply Zones (SZ) were formed above one another. Going deeper to see if there is any supply level to go for an intraday short, came across this 15 min SZ.
Caveat: Prices are retracing from a Demand Zone (DZ) on weekly chart. It can act as an obstacle for this trade demo.
Disclaimer: Ideas published here are for information purposes only and do...