Supply and demand zones

Technical Analysis
1

In a daily chart trading , do I have to use another time frame to find my supply and demand zones?

How far back do I have to look back to find my supply and demand zones

2

Bro supply and demand was devised by sam saiden…there are so many rules to trade based on your patience.
HIT - Hourly income trade - gives result in 1-2 hours
DIT- Daily Income trade- gives result in 1/2 days
WIT - Weekly income trade - Gives result in 1/2 weeks
MIT - Monthly Income trade - 1/2 months
Based on your trade plan you can draw zones on respective time frame.

3

Thanks bro I’ll look into it.

4

Supply and Demand Zone is the best strategy for me. For your understanding, here is a brief summary:

Demand Zone: A price level below the market with heavy buying interest.

Supply Zone: A price level above the market with heavy selling interest.

Supply demand zone formations can be categorised into different types, including reversal patterns and continuation patterns.

Continuation Pattern

  • Rally Base Rally: The sequence starts with a rally, indicating a noticeable upward movement. For a 15-minute time frame, that works well.
  • Drop Base Drop: It begins with a drop, indicating strong selling pressure.

Reversal Pattern

  • Drop Base Rally: Demand Zone that suggests that buyers have regained control and are likely to push prices higher. 10 min, 15 min timeframe work good.
  • Rally Base Drop: A supply zone indicating a potential reversal, helping you identify selling opportunities.

I use a weekly timeframe on Drop Base Rally (DBR), which works well for me. You can use this strategy. I recall one of the support executive of top stock research who guided me and helped in understanding this concept.