dhananjay.d.joshi

Nifty Channel and Demand Supply Analysis

NSE:NIFTY   NIFTY 50
snapshot

There are several methods of plotting price channel , in my opinion drawing it from closing value is more logical when we are looking at long term charts.

Considering this we are out of recent down trend channel and yet to close above main down trend channel, the supply zone and channel are crossing each other just above current price. we can expect very strong resistance around this level.

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AMBRISH
a year ago
Thanks for fresh update on Nifty.
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As expected price is not able to go above the red zone (supply zone)
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AMBRISH
11 months ago
It is time to short nifty ,
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dhananjay.d.joshi PRO AMBRISH
11 months ago
Yes.
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AMBRISH dhananjay.d.joshi
11 months ago
Thanks.
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AMBRISH
11 months ago
Next support at 7755 7601 and 7525.
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dhananjay.d.joshi PRO AMBRISH
11 months ago
Yes around 7762 and 7591 one can book the profits.
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AMBRISH dhananjay.d.joshi
11 months ago
Thank You,
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gnayan
3 months ago
where can i get the demand supply analysis script
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gnayan
3 months ago
where can i get the demand supply analysis script
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dhananjay.d.joshi PRO gnayan
3 months ago
@gnayan, as of now there is no script , you need to identify zones manually
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