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.
Price actions are captured by an up sloping PF with multiple touches on LML so one can try a trade on this setup. It is a strong demand Zone also and now coming out of RSI oversold confirming a good possibility of reaching the target.
Entry current Price
SL 340
Target 352.50
Risk/Reward Ratio above 3
Disclaimer : All ideas are my personnel view. Please take...
Charts still not very positive until it crosses 233 level.
Possible short @ current level with stop loss slightly above 233 for a target of 180 level.
Use stop loss
Close above 233 on daily basis will open a Long position for a target above 245 +
Ashok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details
Entry current Price...
Price action will move sideways unless it breaks 10780 - 10800 level for upside movement or 10620 for downside movement. Another support is seen at 10560 - 10580 level also.
Buy above 1460 for the stop loss of 1445. Targets are 1475, 1490 and 1510. Sell below 1435 with the stop loss of 1450. Targets are 1420, 1405 and 1390.
Moving In Channel.
Buy In Demand Zone As Per Comfort.
Risk Reward Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Prices have nicely formed Up sloping channel and today's Engulfing offers an opportunity to go long at current level. One can risk the amout of one bar only. Prices have bounced at retest of lower trend line . We can initiate the long trade as the details given below
Entry 431
SL 408(closing)
Target 492
Risk/Reward Ratio 2.65
Disclaimer : All ideas are my...
Support is seen at 27240 - 27280 level for the targets 27460, 27620, 27880 and 28240. On breaking the support, price will move towards 26920, 26540, 26220 and 25780.
PRICE IN DOWNTREND AND CURRENTLY FORMING A DESCENDING TRIANGLE .ANY BOUNCE TOWARDS THE UPPER TRENDLINE IS TO BE USED FOR SHORTING POST PRICE ACTION CONFIRMATION.TARGETS CAN BE HUGE IF THE BREAKDOWN HAPPENS.
Price formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. One can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade. RSI...
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