This idea is purely based on past support and resistance and expecting the reversal from this level since it has taken support here in past.
Also the same level was acting as major resistance.
If it breaks 328, can quickly give 10 points on downside
Disclaimer - Please do your own analysis before initiating the trade.
HAVE BEEN IN UP TREND IN HIGHER TF BUT THE SUDDEN FALL IS DISCOURAGING.
ANYWAYS IF IT TAKES GOOD SUPPORT AT WEEKLY/MONTHLY PIVOTS THEN IT SHOULD CONTINUE UP.
ALL THE BEST....!
PS. I AM EXPECTING AT LEAST 3 TARGETS ON BUY SIDE
Supply and Demand are marked of weekly and 4H time frame.
By curvature analysis the price is in the lower end of the curve which means Long position is to be performed.
Up trend in 1D time frame confirms the Long position.
on the 4H time frame i have marked long position across the Demand zone with a risk reward of 6.30
Please Read the Disclaimer below before taking any trade.
Volume Profile Driven Demand and Supply Analysis- ACC-Long
Entry @ 1145
Stop Loss @ 1134.85
Target @ 1165.3
Take care of your Risk Management, for example you are taking risk of say 200 INR, then your quantity of trade is calculated as risk(200)/difference of entry(1145) and Stop loss(1134.85).
Before the trade, kindly use the rule of margin management for risk.
“There are a number of different types of techniques, and strategies but I used my own and mix research"
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Entry 880 or below
Titan industries has formed DZ between 837 to 854 , It has also formed weekly DZ at 810 to 848 which gives it a strong buying
support. one can enter in stock between Rs 880 to 860 and hold for two weeks for target of 1025.