Advance Price Action Trading with Demand Supply & More

the monthly chart of IndusInd bank. price has reached the monthly demand zone in a compressed fashion. one can look to take positional trade or swing. bare minimum avoids shorts till the time this monthly DZ holds.
monthly chart
Yes. Perfect level. I would wait on LTF (Hourly / Daily) to see if trend change begin; minimum 2 SZ breach and start with intraday positions with 3 RR.
 

AlphaT

Well-Known Member
the monthly chart of IndusInd bank. price has reached the monthly demand zone in a compressed fashion. one can look to take positional trade or swing. bare minimum avoids shorts till the time this monthly DZ holds.
monthly chart
Good to see you @primitivetrader !
I would go with confirmation on this given the bear market like situation in the back drop. Usually, I don't pay too much heed to background context but in this case the whole situation seems different so exercising extra caution.
 

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