IRCTC stock is in a strong Uptrend & forming new highs. There is a Rally-Base-Rally Demand Zone formation around 1045. If the stock retraces to the demand zone , it will offer a good opportunity to go long and join the uptrend. Stop Loss to be placed slightly below the demand zone, preferably on a candle closing basis. First target will be the immediate...
Daily Timeframe Stock in an Uptrend. Retracing back to the Daily RBR level of around 29.2. Looks a good opportunity to go long on a retracement to the Demand Zone.
Stock was trading in a sideways range & then broke out. Now some retracement happening, which provides an opportunity to go Long. Planning to time the Trade as per the Daily RBR Demand Zone.
Proximal and Distal lines are important components of any Supply and Demand zone. One needs to plot two horizontal lines to mark Supply and Demand Zones. To know How to draw these lines, you need to understand Supply and Demand Zone formations. Proximity means nearest to the current price, while distal means farthest from the current price. What is the need...
Unlike conventional Price Action Analysis, which relies on countless chart patterns, Supply Demand Strategy focuses only on four high-probability price formations. Rally Base Drop (RBD) is one of the four price formations which lay the foundation of the Supply Demand Trading Strategy. Rally Base Drop Pattern RBD is a reversal price pattern, which one can...
What Are Gaps? Gaps are nothing but Price of a Stock moving up and down sharply with no or little trading happening between the previous days close and current days open. Gaps show an ultimate picture of imbalance between supply & demand. Gap formations are due to many fundamental and technical reasons. Most common example, when there is an announcement of...
Supply and Demand Trading Strategy is a price action strategy that focuses on identifying Institutional Buying & Selling Footprints on a Price Chart. This strategy doesn’t rely on any indicators or oscillators; entire focus is on Price Action. Owing to the sheer large size of their orders, Institutional buying or selling leaves behind certain footprints which...