Recently price reacted from daily supply zone and as a result price fall down. Now three probabilities are there where we can see some actions 1st -Might be price react from last resistance level. As per price action concept usually if stock is on bullish sentiments then last resistance level will be act as good support. (143-149) 2nd -If orders are still...
Resistance breakout , if sustain above 420 price level good to buy for swing trade.
SBIN multi year breakout given at Feb. Now price try to sustain and old resistance will act as support further. Chances are high to create new all time high.
CHOLAFIN trade setup based on daily demand zone
Dabur stock bounce back from weekly demand zone, we can see a good upside movement from here. 5th April weekly candle created a new high , hopeful this time we can see again new higher high. Entry -530.05 Profit-559.55 SL- 515.30 If entry missed then take entry at @CMP
Multiple year price range breakout , best price to buy near 31-29.
If price crossed and sustain for some time above resistance then good to buy above resistance . (820-970 ) Otherwise buy according to weekly demand zone(WDZ) . Trade setup based on WDZ Entry - 698.65 Profit - 862.50 SL - 616.75
PRAJIND stock price crossed first 163 price range and then finally gives crossed 280 multi year price range breakout. Best price to buy this stock is when ever it's come to weekly demand zone 218-235 or around breakout point 260-280
Tatametaliks given multi year breakout , now stock is on correction mode. If price retest last breakout level then surely we can see a good upside movement from here. Trade setup based on weekly demand zone or last breakout price zone. Entry - 927 Target - 1183 SL - 798 This setup will be a good opportunity for whom missed breakout.
Industower stock given breakout on 20-Nov-2020 , breaks 230-240 price range breakout. After that again around 5-6 month on range bound, in correction phase. Now again we can see a good upside movement. Stock have a good support zone near 231 and Weekly demand zone 223-213.
Bank of Baroda is near to weekly demand zone and try to sustain on daily demand zone. both zones are marked on chart. If Daily demand zone works than Entry : 70/69 Target : 95/120 Stop loss : 63.15 otherwise sure price will react from weekly zone.
INFY have daily demand zone at price range 1284-1259 and good support level at 1230. Both levels will be good zone to buy stock. According to market movement and sustainability of INFY stock we can buy near these zone for further see a good upside movement.
Both Weekly and daily demand zone marked on chart. Daily demand zone between price level 166-172 , if sustain easily gives 1:2 trade. Weekly demand zone between price level 120-133 , same here if sustain we can see a good bounce back movement.
Bandhan Bank stock price at weekly demand zone. Trade setup marked on chart.
Breakout with volume from one year price range bound between 36-45. Finally give breakout and sustain. Good to buy at CMP .
ICICI prudential multiple year breakout. Good to buy between 520-540.
Hindustan Copper Ltd multiple year breakout down and price sustain, next target would be 230 plus.
Britannia weekly demand zone trade setup