Supply and Demand
Eicher Motor ,Head and shoulder patternLogic
1) H&S pattern formation
2) Major trend is sideways, (if we see for a long term trend )
3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation.
4) 200 moving average is acting as support ,closing below it will intiate a fresh selling.
I am not recomending anything it is just an observations
Nifty 50 Chart Analysis 07-04-2021Two Critcal Points. By Analyzing Nifty 50 Chart on 07-04-2021
1) Wide Demand Zone, But Weak Support Area. 14263 - 14517
If Price breaks any of the nearest Trend Line, In Days Closing
Then, It is expected The price will fall to this support Area.
2) Strong Supply Zone, And Strong Resistance.14829 - 14881
If Price breaks this resistance at Days Closing, Then
The Ascending Triangle Pattern will be broke and index may become bullish.
Disclaimer : All Views are Personal And Educational Purpose Only.
You are exclusively responsible for your Profits and Losses.
Use the Ideas with your own Risk.
IRON FLY STRATEGY FOR NIFTY 10 MAR EXPIRYIron Fly is a non directional strategy that works very well in a sideways market. I was of the view that the market would be sideways for the reasons mentioned in the video. This worked very well for the weekly expiry and it is used very often in confusing markets such as this.
This was one of my first attempts at vocally explaining strategies so I may not have been as clear in the details.
Let me know if you have any questions about this strategy in the comments. Please LIKE if you would want to see more content like this. :)
BTCUSD Corrective harmonic wave BTCUSD is in the built of a "Harmonic Deep Crab Pattern".
It seems the demand and supply of the asset have been in a very volatile zone.
If the asset breaks 30500 then the probability of the price to reach PRZ will be very high.
Now, this PRZ will work as a supply zone for a short period or create momentum to boost the asset to the given bullish target.
Price-Volume DivergenceMy take on price and volume divergence. Ideally, the price should move higher with an increase in volume, which shows that more buyers are pushing the price higher and this is a perfect scenario for the price to continuously rise higher. But, when the price continues moving higher while volume is drying, it shows that buyers aren't interested to push the prices higher. This scenario makes it easier for sellers to step in and increase the supply to drag the prices lower. Such analysis should be supported by price analysis to improve the probability. Also, the news would be a great catalyst. Currently, EURUSD has rallied continuously for quite long and a correction might take place. This post is for educational purposes. If you have any query, comment below and I will respond to it. Also, if you liked my analysis then simply click the like button
Thank you and grateful for every one of you! Wishing everyone a happy new year as well as a profitable trading year!
How to identify supply and demand zonePrice action is all about supply and demand and identifying them to take advantage of the trend. I have given an explanation on how to identify demand and supply zone . If you have any query, comment below and I will try to solve it.
Grateful for everyone!
Perfect illustartion of Bat Pattern.The Bat Pattern, is a precise harmonic pattern™ discovered by Scott Carney in 2001
The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ).
The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg . The Bat utilizes a minimum 1.618BC projection.
In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
GOING SHORT ON GBYJPY ON WEEKLY CHARR( WEEKLY WOW TRADE)AS I WE CAN THIS PAIR IS IN DOWNTREND ON MONTHLY CHART, BUT SUPPLY ZONE CREATED ON MONTHLY LEVEL DOESNT REMOVED ANY DEMAND ZONE, SO WITH SOME CONFIRMATION WE CAN TRADE ON SMALLER TIME FRAME, AS ON WEEKLY SUPPLY ZONE NESTED IN MONTHLY REMOVED DEMAND ZONE AND MADE A LOWER LOW AND BROKE THE TREND ON WEEKLY, WE CAN GO SHORT ON WEEKLY GIVEN LEVEL.
THIS ANALYSIS IS SOLELY FOR THE PURPOSE OF TUTORIAL.
IF ANYONE FINDS ANY MISTAKE FEEL FREE TO CORRECT ME.
GOOD LUCK...
nested weekly supply zone to be playedHere as we can clearly see GBPUSD is in downtrend and price has hit weekly supply zone which is nested within monthly supply zone, so going short is the higher probability;)
Just dial analysis - Will history repeat?Yearly once price went to 600 levels rejected and reached 300 levels.
2019 is an exception price went to 800 levels and reached 250 levels before taking support. . .
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Tech M Range bound till this year
if break all time high in this month with volume support then Target will 920
for myself study purpose not for trading
Hindustan UnileverJust for my self Educational Purpose not for trading or investment for other
Soon Retest at 1950
and then range bound for 45 day at between 150 point
will reverse from here if volume above 50 M on MCB
Bank Nifty View for November 02-06, 2020 Weekly view NSE:BANKNIFTY
Sell at 26150 SL 50 points
Sell at 24720 SL 50 points
Sell at 24190 SL 50 points
Buy at 23750, SL 50 points
Buy at 23150 SL 50 points
CMP 23900
Bank Nifty is sideways and can be traded at above points.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
Consult your Financial Advisor Before Investing.
Nifty View for November 02-07, 2020 week Note>> 11990 to 12245 is supply zone , three attempt have been made last two week to break it. Above this there is no supply zone so if broken can move to all time high.
Overall Nifty is not bearish , Its sideways , If Reliance shows strong upside movement then it can break the supply zone.
Sell 11714 SL 20 points
Sell 11884 SL 20 points
Sell 11830 SL 20 points
Sell 11990 SL 20 points
if Nifty drops then buy at following levels
Buy at 11410 , SL 40 points
Buy at 11600 , SL 20 points
CMP 11642
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
Consult your Financial Advisor Before Investing.
NSE:NIFTY
FIND YOUR TRADE ,Will it form dual bottom?
will it recover to 500 odd zones in no timr ?
will it crash to 360 odd zones ??
Nifty: Hot knife through Butter A complete “U” turn from the benchmark Nifty50 as it fell close to 2.5% in today’s session. No respect for the immediate support of (11,780-11,800) as the index cuts through and retraces gains of past six trading sessions. Thanks to this sharp sell-off one aspect is now confirmed - our rising channel has yet again proven itself as a strong source of resistance.
Considering the underlying momentum with which the index sold-off today further slide towards (11,570-11,620) is very much a possibility now. As I was saying yesterday - keep your seat belts fastened as we head for some volatility.
Trade Well. Trade Wise.
Nifty: Nowadays Bulls take the Elevator tooNifty behaved exactly the way it was anticipated. A short-term dip, enough to get bears interested and create positions. And then bounced back sharply from close to anticipated supports at (11,750-11,800). I have drawn two rising channels on this chart, which I sense will now provide immediate resistances. Going ahead, I feel the index will face resistances from multiple levels like (12,000-12,100) and further upwards at (12,200-12,250). Strategically this is not the best state to go aggressively long. And to initiate short positions you need to be patient to enter and impatient to exit … easier said than done.
On the downside, today’s low will be critical and only a break of this level will set in some selling impetus. I feel we are headed for some volatility now. Fasten your seat belts.
Trade Well. Trade Wise.
