1. At daily support
2. Support of 200MA
3. At yearly trendline
Analysis : Both upside and down side move can be expected.
if shows signs of bullishness at daily support we can plan to go long
if closes below daily support with good volume we can plan to go short
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1. inside the daily demand zone
2. 200 MA support
3. forming channel pattern
Analysis : long positions should be added only after the breakout of the channel pattern. Be careful before adding longs because stock is bullish for around 1.5 year and may begin its retracement phase.
1. In the daily demand zone
2. Support of 200 SMA & EMA cluster
3. Bullish Divergence in 4hr tf
Conclusion: Due to above reasons stock may bounce off and reach to channel high. Bullish if it closes above 200rs with good volume.
supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. It is the main model of price determination used in economic theory. The price of a commodity is determined by the interaction of supply and demand in a market. The resulting price is referred to as the
