Supply and Demand Zones are chart areas with concentrated buying or selling interest.
Buyers Create Demand zones, while Sellers create Supply zones.
Now we can talk how to mark these zones-
Start with 'Day' Timeframe
Higher the timeframe, greater the accuracy. Begin With 'D' TF then gradually decrease it
Draw Supply Zones
- Identify areas where price has dropped (Resistance)
- Draw Horizontal line connecting multiple swing highs or such Resistance.
- Taken resistance atleast 2-3 times
- Strong Momentum = Good Supply
Draw Demand Zones
- Identify areas where price has increased (Support)
- Draw Horizontal line connecting multiple swing highs or such Support
- Taken support atleast 2-3 times
- Strong Momentum = Good Demand
Upstox - https://bv7np.app.goo.gl/vNUykLDRVj1ZtqR1A
Let's Connect on - https://twitter.com/
