Here's a small quiz for those who wish to participate.
In the Bajaj Auto trade, I have highlighted red lines in Value zones. These red lines are drawn based on the below mentioned category (A,B and C). Those who want to test themselves in identifying value zones, can mark on the chart and post here. I'll verify if its right or wrong. Don't be afraid to post what you have marked.
Which of the following value zones are identified based on these categories.
A. Base effect -This is where trader identifies a base being formed
B. Sentiment Shift - This is where a trader identifies a sudden shift in demand supply
C. Retracements - This is where trader identifies a trade after the previous move has retraced.
All the value zones have been marked based on these categories. Just save the chart and Mark A, B and C where you find the categories applicable. Don't be afraid of being wrong.
Tc