Today in 1h timeframe, the trade ended with 3 Inside bars, and two boring Candle Formations near the Key Supply turned to Demand Zone due to the recent Gap Up Open in the Previous Trading Day. Boosting to the Lower high is forming near the Lower band Uptrend Regression Line. Maybe Tomorrow is a Green Day If reversal confirms from any of these demand levels.
This is Just a Guide to Demand-Supply Zones for Possible Price Action in NIFTY. Using these zones, trade-in Lower timeframes like 15m, 30m timeframes once the trend confirms.
FYI
Green Zones are Supply
Red Zones are Demand
Trade at your Own Risk
This analysis is for educational purposes only.
Happy Trading
Analysed by
Shrikrishna_Bhat
This is Just a Guide to Demand-Supply Zones for Possible Price Action in NIFTY. Using these zones, trade-in Lower timeframes like 15m, 30m timeframes once the trend confirms.
FYI
Green Zones are Supply
Red Zones are Demand
Trade at your Own Risk
This analysis is for educational purposes only.
Happy Trading
Analysed by
Shrikrishna_Bhat
