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.
It has been observed on the daily and weekly chart that the price action breaks out from a downward trending line at support zone indicating buyers come back. Once it closes above 29 levels then it shall further race up to new high levels.
The company is also at good valuations, trading near its book value of 27. With low P/E and continues growing revenue, it is...
It has been observed that the price action was consolidating at the support levels and now it breaks above the consolidation indicating buyers coming back strongly and pushing prices up.
T1- 261
T2-268
SL 248
WAIT FOR BOUNCE TO SELL..THE BOUNCING PRICE...CATCH THE LONGER MAIN WAVE.....LEAVE THE SMALLER WAVE... LEVELS IN ZONES...PREVIOUS BOUNCING LEVELS.....TO .ENTER ...TRADES...
NSE:CONCORhttps://www.tradingview.com/x/BtQGq8Z5/https://www.tradingview.com/x/BtQGq8Z5/
PRICE AT SUPPORT BEST ZONE FOR ENTRY OR ENTER AFTER BULL BACK...SAFE ENTRYNSE:LUPINhttps://www.tradingview.com/x/DUH7iW6Y/https://www.tradingview.com/x/DUH7iW6Y/
It has been observed that the price action is trending down technically but on the fundamental side the valuations are improving and looking good. Some of the key valuation indicators are as follows:
1. P/E: 13.3 (Undervalued)
2. Book Value: 74
3. Debt to Equity: 0.01 (almost a Debt free company)
4. Current Ratio: 3.3
5. Net Profit Margins: 30%
6. Return on...
It has been observed that the price action formed a double bottom at 155-157 levels and now showing strength and pushing up price action to new highs and changing the trend from lower lows to higher lows and higher highs. It is a positive indication and the stock shall perform well in coming session.
T1- 170
T2- 175
SL- 162
Wait for creating TAIL and target is nice at control price.
I prefer to short sell at a "value high" with a tail.
Detected "price rotation".
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Support 574 to 879 for targets 2 days of trading secession 605 to 614
Breakout Pivot 615 above for targets 680-689.
Buy in dip because protective stop is below 570,
The price following "control price" and in the starting nifty fall will give power by control price 11655 nearby as support.
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A 38% Fib. Retracement existed 11665.
News and Points to cover for today:
SGX Nifty (Jun 25) trading at 11,701.00 which is -15.00 -ve.
Gold rises to near...
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