Price looked like shit when it was in a choppy structure, then finally created a new zone (The big green candle), then price reached the daily sell zone, created a bearish price action pattern and I took a sell call till the next buy zone, lets see what happens.
I'm not a financial advisor, this content is for only educational purposes, always use a stop loss (it...
Axis Bank, one of the largest players in the private banking space had come under heavy selling pressure during the recent downfall in Indian Stock Markets. The stock had come down from its life high of 827 in 2019 June to below 300 in March 2020. From the March lows, the stock recovered almost to 486 levels where it witnessed selling pressure taking it to 384...
ONGC has formed quality demand zone from where we can go long with precise stop and target. This price action strategy is expected to trigger the buy call only when pric touches th entry price abd the demand zone.This demand is expected to have unfilled buy orders whixh is expected to trigger in the demand zone. THIS IS PURELY FOR EDUCATIONAL PURPOSE.
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).
Just Dial is crossing its supply zone @ 447-449...If it will manage to sustain above this zone then it may test its next supply zone @ 376-378 and 406-410. On the downside 325-330 is a very strong demand zone on the short turm timeframe.
According to the Intraday chart there is a supply zone @ 9050-9110 and demand zone @ 8650-8700. According to the weekly chart, there is a demand zone @ 8800-8950. On Monday Nifty took to support it’s weekly demand zone and closed above 9000. In short, there are multiple demand zones below 9000 on intraday and as well as a weekly chart.
According to the...
Nifty closed in the major demand zone @ 8200-8380. Once it will break this zone it may test it’s next demand zone @ 7750-7900 and 7250-7430. On the upper side I may think for a long trade once it sustains above the 8700-9060 zone. 8200-9060 will be no trade zone for me.