AARTIIND LONG TRADE (Check description for trade psychology)

30 thg 10, 2021

AARTIIND saw a previous break in it's swing low/pullback structure (thus marked as BoS). Now the zone from where the new swing high formation started saw a huge movement in price as well as volumes (imbalanced price action) marking it as an important demand zone where institutional buyers took interest. After making a swing high, price had to make a pullback in order to move higher and usually price only pulls back a little but in this case, came till the previous swing low and our demand zone suggesting that it is there to fulfill that imbalance. Our trade psychology would be that when the price comes down in the demand zone we will begin the swing trade with a target higher than the previous swing high and it might also be possible that the price may drive down just a little further to grab liquidity and also take support on 100 EMA. Aggressive traders could enter on the given entry/center line of demand zone with a bigger Risk-to-Reward and careful traders could wait for the liquidity drive and set up order on 100 EMA with a very little Risk-to-Reward. It's a 1:10 trade guys (or even further if you like it), please drop a like and comment (keeps me going) and also check out the previous analysis on ADANIENT.