SUPPLY ZONE ON LONGER TIME FRAME

Today lets have look at SUPPLY ZONE on longer timeframe. Basically this formation is more effective on longer timeframes like weekly or monthly or sometime quarterly also.

Let's have look at few charts first. 

AXIS BANK MONTHLY CHART

We can see that once prices enter in supply zone (marked in red rectangle) quick fall happens from that levels. For easy understanding click on image.

NIFTY MONTHLY CHART

We can see that once prices enter in demand zone (marked in red rectangle) quick bounce happens from that levels. For easy understanding click on image.

STATE BANK OF INDIA MONTHLY CHART

We can see that once prices enter in demand zone (marked in red rectangle) quick bounce happens from that levels. For easy understanding click on image. 

------------------------------------------------------------------------------

Please note these candlesticks may or may not act reversal as there are several factors which affects price movement of underlying asset.

------------------------------------------------------------------------------

FOR TRADING VIEW JOIN OUR TELEGRAM CHANNEL 

EQUITY AND EQUITY INDEX ~ T.ME/NIFTY50STRIKER

COMMODITY (CRUDE & GOLD ONLY)  ~ T.ME/COMMODITYSTRIKER

------------------------------------------------------------------------------

WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 

------------------------------------------------------------------------------

IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

------------------------------------------------------------------------------

Please note this blog post is for education purpose only. While utmost care is taken while writing this post but any human error cant be ruled out and we apologize for same in advance.