GODREJCP SHORT ( INTRADAY)GODREJCP SHORT ENTRY 634.10, STOP-LOSS 641.35, TARGET PRICE 607.20 .
NOTE : CONSULT YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
Supply_and_demand
SHORT DAY TRADE IN ESCORTS SEPT FUTSHORT DAY TRADE IN ESCORTS
SEPTEMBER FUTURES
SHORT@853.5
STOP@860
TARGET@837
LOT:1100
QTY:1
Trading a supply zone tucked above...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 not advocate any buy or sell recommendations
SHORTShort built up
Net Change: -8.79%
OI Change %: 21.9%
OI Chain
CALL @ 900 (Resistance Zone)
PUT @ 800 and 740 (Support Zone)
SHORT NEW SUPPLY in 1 Hr. Time frame
ENTRY : 845
SL: 860
Target 1 : 805
Target 2: 745
VOLTAS: Trading a DZ with Up TrendVoltas 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
