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A beginner's guide to trading - Chapter 2In Chapter – 1, we have seen about candlesticks. Today we are going to see about supply & demand concept with candlesticks. Lets first see about the normal concept people follow for supply/demand zone. I have used numbers 1,2,3 and 4 to mark supply and demand zones in this post. In the above chart 1 acts as demand zone as price had good upside move from it. When price reach 2, as per normal demand zone concept, people think there will be pending orders to buy from big institutions at that level and we can buy. At 2 buyers were trying to take charge and we had a big bull candle. That was not institutional buyers, but from retails traders. It was proved as price did not move much from that. At 3 price was broken downside by a big bear candle. And at that level demand zone became supply zone. At 4 price had a nice fall. This is an example about how a demand zone becomes supply zone. Trend strength determines whether a particular level will act as supply or demand zone. Now we will see another example to understand trend strength. In the above chart, price had good move from 2 and becomes demand zone. When price reach 3, there was small upside move, but price fall from 4. Look at the arrow marks. When bearish strength increases, the demand zone becomes supply zone. Simply buying whenever you see a demand zone wont work. It wont give you consistent money. But understanding the trend strength and trading according to it will help you to make consistent money. In the chart above, at 3 price showed bearish strength & there was not even a small fight from bulls, instead bears won without much competition and price fall down. In the chart above, before price break down @ 3, note how bull strength was reducing which I have marked. Always trade with the knowledge of trend strength. Always trade with stop loss. Always trade with the knowledge of trend direction.
NSE:AXISBANKEducation
by vanathi
34
AXISBANK Looking good !!A pole & pennant kind of pattern had been formed in hourly chart. . BO done near 738-748 level. Making higher highs for 3 days. RSI trending up. buy on dips. Accumulation zone : 740-755 Profit booking zone may be : 802 - 840 SL 719/According to your risk appetite. Positionally can move 960+ Sl 698 Dclbs April future as well as April 760CE/800CE can be look after for decent return. Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally If you find this helpful and want more trading/Investment Ideas. Please show your support back, LIKE & COMMENT ❤️ Your Support is very much appreciated ❤️
NSE:AXISBANKLong
by MyKEYtoSENSEX
4
Energy coil in Axis BankFormation of energy coil near absorption zone is rare event, but is reliable. This is my trading journal, not a trade recommendation. DISCLAIMER: Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market. This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
NSE:AXISBANKLong
by AniketKabir
AXIS BANK - BANK NIFTY DARKHORSEAxis bank is buzzing around the news of takeover of retail business of Citi Bank. The stock has finally getting momentum from last 2 weeks indicating a test around its resistance of around 815 to 820. once it starts sustaining above that a target of around 1000 is opened. the target is arrived by testing the previous lows around 600 - 650 range. So, a gap of around 150 to 175 points on the downside from the resistance, can see upside of around 150 - 175 points on the upside of the resistance which is a peculiarity of an Inverse Head and shoulder pattern. Moreover, from a fundamental point of view, the stock is seen outperforming various peers among its side. Target mentioned are for long term horizon of around 8-10 months. DISCLAIMER - I AM NOT AN FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.
NSE:AXISBANKLong
by umangadatia312