Advance Price Action Trading with Demand Supply & More

[sabhlok_r]

GM AlphaT,
Trying to understand bank nifty, starting with HTF. Your expert comments pl.

 

[sabhlok_r]

Nice fall from that SZ, now coming near imp DZs. Let's watch if any good long opportunities open up!

Are u referring to this zone?

 

[preethi21]

charts looks colorful...

 

[AlphaT]

@sabhlok_r - Sorry was a bit busy today with something so could'nt reply sooner!

 

[AlphaT]

Are u referring to this zone?

This one and the one below that as well! The flip near 7000 is to be watched as well.

 

[AlphaT]

GM AlphaT,
Trying to understand bank nifty, starting with HTF. Your expert comments pl.

Monthly looks to be in a SZ at the moment within a massive uptrend! Weekly also quite similar with DZs formed on the way up and in a SZ at the moment. Daily is very tricky! It almost moved up in a straight line for a month and pretty compressed towards the end, so any crack and the whole thing could tumble down easily.

On the LTF 15 min good PA has already arrived. The approach compression to the Daily SZ has already felicitated a good fall so far. Further PA has also developed but I am restrained since I cannot give a definite shorting call, all that I can say through this picture is that one had arrived and the other imp PA is yet to form which will also act as a confirmation. Looking at the daily, if thing confirm then we are looking at a massive RR!

 

[sabhlok_r]

This one and the one below that as well! The flip near 7000 is to be watched as well.

Yes, the one at 6700-6600 zone.

 

[sabhlok_r]

Monthly looks to be in a SZ at the moment within a massive uptrend! Weekly also quite similar with DZs formed on the way up and in a SZ at the moment. Daily is very tricky! It almost moved up in a straight line for a month and pretty compressed towards the end, so any crack and the whole thing could tumble down easily.

On the LTF 15 min good PA has already arrived. The approach compression to the Daily SZ has already felicitated a good fall so far. Further PA has also developed but I am restrained since I cannot give a definite shorting call, all that I can say through this picture is that one had arrived and the other imp PA is yet to form which will also act as a confirmation. Looking at the daily, if thing confirm then we are looking at a massive RR!

View attachment 38649

Thanks for the detailed response. There is another DZ at 30400 in 15 min TF. which is not yet tested.

 

[sabhlok_r]

Thanks for the detailed response. There is another DZ at 30400 in 15 min TF. which is not yet tested.

This DZ worked well till now.

 

[AlphaT]

This DZ worked well till now.

This DZ was a POI if you notice. The SZ formed just above it on arrival is also imp. This one actually hampered the RR for the POI.