NSE:ITC which is in a downtrend in monthly timeframe is currently retracing its excess fall. But this rally may pause near 220 levels.
NSE:CIPLA can possibly pause its uptrend in this supply zone. One hedge their long portfolios here.
NSE:CANBK is sustaining about its resistance levels & is in uptrend currently. One can use these levels of reference for trading.
NSE:BHARATFORG currently above its initial supply zone & in an uptrend. These levels of reference can be used for trading purpose.
COINBASE:BTCUSD might be putting a possible bull trap here. Looks like it is testing 50% retracement via bear flag.
NSE:SRF gave a breakout from its previous resistance. However, it is gonna face slight resistance near 3877. A close above which, can take the stock towards its All Time Highs.
Clearly NSE:BHARTIARTL closed above its supply turned demand zone today, showing strength.
TVC:DJI is testing 200 MA, which is acting as a dynamic resistance. Longs may start to hedge their positions here.
TVC:SPX is at a critical resistance confluence now. Long holders may start to hedge their positions here.
This Suck Auction Zone , often acts as a magnet for the market, till the zone is traded completely. I learned about this zone from this YouTube video. Lets watch the action of NSE:NIFTY from here.
Currently after the recent run-up OANDA:USDINR is in a consolidation phase. But if it breakdowns, then it could re-visit it's previous demand zone, before resuming it's uptrend again.
NYSE:BA is currently breaking into the supply zone. However, one can start to add on to the position here. A decisive break above 186 levels can take it up to 240 levels.
NSE:INDIGO is currently going through compression phase. Look for a long / short opportunity as it breakouts / breakdowns .
If NSE:DLF breaksout from the current supply zone, it can head towards 170-180 levels. If it can cross through that zone as well, then it could reach 198-200 levels.
Currently NASDAQ:TSLA gave a breakout from not so clear Head and Shoulders pattern with a potential target of 1388 levels. P.S: It has to clear the over head supply as of now.
A possible long setup in NSE:AVANTIFEED above 466.40