Reliance in confluence of demand zones- Long Opportunity
Reliance is currently sitting in the weekly and daily demand zones, providing strong support.
weekly zone
Daily zone:
However, the price has yet to reach the 4-hour and 2-hour demand zones, which are located near the bottom of the weekly and daily zones, adding further strength to this area.
For an ideal long entry, wait for the price to touch the 4-hour and 2-hour demand zones, as this will reinforce the potential reversal. Once these zones are tested, a breakout above the key trendline could signal a bullish move. Monitor the trendline breakout as confirmation to take a long position.
weekly zone
Daily zone:
However, the price has yet to reach the 4-hour and 2-hour demand zones, which are located near the bottom of the weekly and daily zones, adding further strength to this area.
For an ideal long entry, wait for the price to touch the 4-hour and 2-hour demand zones, as this will reinforce the potential reversal. Once these zones are tested, a breakout above the key trendline could signal a bullish move. Monitor the trendline breakout as confirmation to take a long position.
Automated Demand Supply zone Indicator and Screener :
in.tradingview.com/script/BSrPDhLp-Demand-and-supply-zones/
in.tradingview.com/script/tyjheWJl-Demand-and-Supply-zone-Screener/
Whatsapp - +91 8300476033 for access
in.tradingview.com/script/BSrPDhLp-Demand-and-supply-zones/
in.tradingview.com/script/tyjheWJl-Demand-and-Supply-zone-Screener/
Whatsapp - +91 8300476033 for access
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