supply and demand zonesi have provided drawings of simple supply and demand zones on the banknifty charts. if you are a new trader you can also interpret as support and resistance lines.
Supply Zone
Cumminsind multi-time frame + supply zone+ parallel channel In 15 mins stock is nearby its lower trendline, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also standing on nearby supply zone.
In 2Hrs timeframe it has formed a parallel channel and also nearby 50 ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Ramco Cements in no chart zonemonthly supply zone breakout with above average volumes. Fibo targets on charts.
SHORT IOCI see Bearish Engulfing candlestick pattern on daily chart right at the supply zone ... hopping for a reversal from hear if it break the mention levels ...
AMARARAJA BATTERY Trading levels for the daywatch for intraday
forming h&s
u can watchit for short term it can give good returns
Bharti Airtel is in a major supply zoneBharti Airtel is in a major supply zone, it will be interested to see how it reacts from here.
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.
EURUSD, end of the week analysis, 10 & 11potential to make a bearish move 1.19983 , let see how price action responds to analysis
Axis Bank - Sustain or FallNSE:AXISBANK Retesting the supply zone, if breaks upward and Sustain then more upside.
AXISBANK - above 200 EMA (1D)NSE:AXISBANK is currently trading above the 200 EMA (1D) indicates a bullish trend. However RSI divergence and Elliot wave suggest a possible pullback. If break the supply zone upward and sustain then more upside.
SBIN - near supply zoneNSE:SBIN is currently in uptrend and trying to penetrate the supply zone upward, if succeed then more upside.
DRREDDY: AnalysisDRREDDY is forming a triangular pattern in daily time frame keep aa eye on this stock as this stock can give breakout in the near future. BB is showing a shrinking in volume which denotes consolidation that will lead to breakout soon.
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Apart from that in the hourly time frame, it is about to hit its support levels that, if it takes support on these levels it will be a good level to buy this stock for a long-term view.
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Wait for a trend line break in the hourly time frame and let it consolidate once a buying momentum happens then enter.
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Calculate your RR Ratio and then trade. SL must be accourding to your RR ratio.
#Apollohosp moving in a channelThe scrip is moving in a bearish channel, we could get see opportunity around 2185 levels, for further target of 2090, the rejection around 2185 will give confirmation for the move, once sustains above 2190 the trade will become invalid.
Regards
Hero MotoCorp - Change is in CardNSE:HEROMOTOCO Chart indicates a possible pullback.
- In supply/resistance zone with RSI divergence & Bearish engulfing candle in daily chart.
