Confirmation_entry
UPL Monthly/Weekly/Daily supply zone 505-606UPL Monthly/Weekly/Daily supply zone 505-606
cmp:445 19Aug2020 Price is just approaching towards the supply zone stradly in a steady uptrend
Pro:
1. good Location(Monthly) structure with 2 exciting candles
2.Levels over levels in weekly chart inside same weekly zone
con:
1. Execution daily only 1 exciting candle and there is no basing.(so confidence is low)
2.few( but not not so many) trading activity on the left in daily candles
3. Stock is in steady uptrend, so it might not drop again more
4.zone is big
daily/4 hr/ 1 hr supply zone 275.6-281 daily/4 hr/ 1 hr supply zone 275.6-281
pro:
1.2 exciting red candles in hrly candles
2. zone is clear in hrly chart
3. origin of drop
cons:
1. price dropped once just near the zone with a good drop so this time it may not work. so confirmation entry
2. zoom is a very volatile, it moves with momentum, so ,if it breaks , it will move very high. so strict SL
Visa Daily/hourly/15 min demand zone 196.75-195.5Visa Daily/hourly/15 min demand zone 196.75-195.5
cmp:197.1 18 Aug 2020 price commng down with red exciting candles directly to demand zone
Pro:
1.coinciding level
2.2 exciting candles in 15 min candles
3.Price cumming directly to zone with clear drop, so bounce will also be clear
con:
1.too much smaller candles in left of the zone in 15 min candles
2. Visa is at a range at high end of the daily location
entry around 48.65 sl 48INTEL is making HIGHER HIGH HIGHER LOW in 60min candles after a massive drop due to loosing market share of 16% to rival AMD.
It is just above reacting from a WEEKLY demand, and now making HIGHER HIGH HIGHER LOW in 60min . so take as entry around 48.65 sl 48
cmp:48.97 12 Aug 2020 , price just created the hrly candle.
ITC Weekly/Daily/ 4 hr supply 220.8-233.6ITC Weekly/Daily/ 4 hr supply 220.8-233.6
cmp:206.35 11 Aug 2020
ITC even though its not constantly uptrend, once it reaches the level we can take Limit entry
PRo:
1.2 legout in daily candle
2. weekly/daily coinciding supply zones
3.ITc is not constantly trending up, its like zic-zac up, so chances are that if it reaches the supply, it may react till next opposite weekly demand
con:
Left to execution in either DAily or 240 min...there were kind og range, so panding orders might filled
HINDALCO Weekly/Daily supply zone 185.4-199.2HINDALCO Weekly/Daily supply zone 185.4-199.2
pro:
1.Daily 3 exciting candles from the zone
2. level over level
cons:
1. 240/120 does not have good structure
2. MEtal is trending now, so be catious even it may react from weekly supply.
So, take confirmation entry
cmp_182.4 . its reacting from the supply zone 11Aug2020







