, 8 tweets, 5 min read Read on Twitter
I trade what I preach & I preach what I have learnt so in simple words if you practice only what I preach, you can fast track your learning curve.

ICICIBANK has bounced from demand zone & 350CE got more than double. I will share the chart in the evening!

Attaching the daily & hourly chart of #ICICIBANK.

#PriceAction cant be learnt simpler than this. Just using demand zone on Daily & knowing the critical levels & checking how price behaves on Hourly can do the trick. Hope it helps you learn demand zone better.

Here is the summary of 8 candles:
1. Long candle, high vol, long wick, close 30% off low
2. Shorter than 1 with lower vol & close 70% off low
3. Even smaller candle, buying vol, close near highs (80%)
4. Bullish candle, higher volume than previous 2 candles. Absorbed all selling
5. Long top wick candle with selling pressure, close in the near the lows but bullish close. Price didnt fall further & broke the low of this candle in next 2 candles. Means there wasnt much selling pressure
6. Weak candle closing near the lows but didnt break low of 5. Also vol is lower than 5. Next candle broke the low of 6 but on lower volume and closed in top 70% zone. Low volume test. Successful.
7. Bullish candle, higher vol than last 6 candles & closing in top 70% zone
8. Super bullish candle taking high of 5 & closed above EMA21. Reversal confirmed.

Hope you liked the analysis & learning with me!
Dear Friends, Please retweet to spread the learning. Thx in advance!

Also share your feedback or suggestions to improve, if any.
@niftywizard @Trendmyfriends @Amit_Gulecha @sanstocktrader @BissaGauravB @thedumbtrader @chief_vk @Deishma @SirNumber7
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Price Action Trader
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!