Advance Price Action Trading with Demand Supply & More

[AlphaT]

Nifty and bank nifty at all time high today. Probable ERC candidates.

It will take some time to complete the E-R-C process, then the zone will be available.

 

[AlphaT]

Another one is Asian Paints. Check out its weekly chart. After breaking ATH it exhibited ERC perfectly.

Yepp, this one!

 

[sabhlok_r]

It will take some time to complete the E-R-C process, then the zone will be available.

So how should one play out such a scenario? I mean what is the best way to capture this potential up move?

 

[AlphaT]

15m chart of Nestle on the 20th Nov- https://www.tradingview.com/x/279Oiq3s/

Not exactly an ERC but isn’t this the same concept?

The red box is a bearish engulfing candle which I take as my ‘Barrier’

The demand zone that breaks/engulfs this barrier is confirmation

Price reverses to my zone and continues upwards

It's not an ERC zone, it's a POI zone. ERC zone forms after the Engulf of the barrier, POI zone forms before the engulf. I have marked the zones on the chart below, take a look:

 

[preethi21]

TRENT ON BUY ZONE
-----------------------------

Glenmark also short @342. ...charts already mentioned by other member..
Sl 346.10
Target 335.10

Entered today for positional trade

 

[AlphaT]

Entered today for positional trade

I think you are trading Moving average bounce is'nt it?

 

[server2712]

BHARTIARTL:

 

[preethi21]

I am not following moving avg Alfaji..
Yesterday I lost on Glenmark..sl hit
Today again shorted @344.40

 

[satintrade]

It's not an ERC zone, it's a POI zone. ERC zone forms after the Engulf of the barrier, POI zone forms before the engulf. I have marked the zones on the chart below, take a look:

View attachment 38841

thanks, got it. both of them could have been successfully traded in this instance

 

[primitivetrader]

NS intraday 3M long can look for at DZ.

https://www.tradingview.com/x/I98EeTwm/