Supply and Demand is one of the core strategies used in trading. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone), driving the price up or where supply overwhelms demand (the supply zone), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major activities of buying or selling have taken place, before entering a long or short position themselves.
It makes sense to buy at a demand zone and to sell at a supply zone, but keep in mind that fresh zones are more effective than retested ones. They can be used as entry zones for a continuing trend or as reversal zones for a changing trend. Trades can be made aggressively or conservatively, each with their own rules of entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
CASTROLINDIA looks like a promising reversal at this moment. We Initially, predicted an up move on 13th Yet, it gap down violently below the demand zone and just recovered from the bottom without any volume
Such a recovery without any volume tells us that there are no selling pressure in the market and this is just a mark down from long term buyers after ...
essentially this is an anatomy of a consolidation...
notable is the movement of price action above the resistance after the vertical line demacation
and high volume swing retest and then further narrowing of downswing range on good volume
breakout of 868 and close will be the key for beginning of the markup
more ...
Guys SBIN Test Supply Zone keep watch and take profit...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable ...
This price looks attractive for long. Go long for tgt. of 1440 in coming trading sessions with small CBSL below todays low. For safe entry, enter at 1994\5 level tomorrow if it doesn't open gap down tomorrow. There can be small hurdle at 1410. Watch for that. For more safe entry, wait to cross 1410 level.
the current down swing is happening in just 28 thousand share transactions..
whihc is very less compared to the previous volumes of the swing,
seems like absorption is almost complete
with broader market indices at all time high, its bit of a concern when the trend on the upside is really going to start, unless some correction happens in the broader ...
