Lupin has been making Up trend on Daily Time Frame.
The marked zone forms like Rounding Bottom Formation, with a classic Demand Zone Formation.
There is no Supply Zone on Daily Time Frame till ₹ 1020, opening up R:R for the long trade.
Both 10, 20 EMAs coincide with the zone. If they still remain coincident with both the zone and latest trading price at the time...
Voltas has been making all time high and is in an Up Trend. As a trader we would like to buy with the trend. Here on 60 min we can see:
Rally, Basing (Pause) and again a Rally; A Demand Zone Pattern which can be used as a Long Strategy.
Disclaimer: Ideas published here are for information purposes only and do not advocate any buy or sell recommendations
On Daily chart, 2 Supply Zones (SZ) were formed above one another. Going deeper to see if there is any supply level to go for an intraday short, came across this 15 min SZ.
Caveat: Prices are retracing from a Demand Zone (DZ) on weekly chart. It can act as an obstacle for this trade demo.
Disclaimer: Ideas published here are for information purposes only and do...
Scrip is in Down Trend on daily charts. Fine tuning we see nearest 60 min supply zone for a short. SL @ ₹ 804.85
Disclaimer: Analysis given is for market study purposes only and nowhere it recommends to buy/sell.