Spotting Opportunities: WELSPUNIND

13 sep. 2023

Are you ready to explore the exciting world of trading? Strap in, because we're about to unveil the trading prospects in WELSPUNIND, and you don't need to be an expert to grasp this!

Overview

• WELSPUNIND is currently trading in daily and 125-minute demand zones.
  
• We'll focus on the 125-minute demand zone as a LTF, planning a buy trade at 114.2.
  
• Place your stop loss just below the demand zone, around 112.4.
  
• On the daily timeframe (ITF), the stock is near the EMA 50, indicating an upward trend. The Intermediate Time Frame (ITF) confirms a positive outlook.
  
• On the Weekly Time Frame (HTF), supply zones are distant, making the 125-minute timeframe ideal for execution.
  

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Decoding Key Terms:
- LTF (Lower Time Frame): Execute your trades here.
- ITF (Intermediate Time Frame): Identify overall trends.
- HTF (Higher Time Frame): Locate zones on larger scales.


🔍 Indicators Used
Curious about the indicators I used? Check out my demand and supply zone indicator:

Disclaimer: This analysis serves educational purposes only, and I'm not a SEBI registered analyst.

🔥 "In trading, patience and strategy fuel success!"

13 sep. 2023

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