As per the trend
it has two weekly support. currently trending in channel bellow 50 SMA.
as per the demand and supply rule, it has to react from
1. 175 RS if daily channel breakout is done.
2. if stop-loss hits then it can react from either of the supports or react from the combination of the two support zones.
tell me if anything is missing from my side
trade will be active from:
1. 175RS and above (target visible 230)
2. if fail, 135-138 RS and above (target invisible possibly consolidation 150-175 range)
this is for study purpose only
it has two weekly support. currently trending in channel bellow 50 SMA.
as per the demand and supply rule, it has to react from
1. 175 RS if daily channel breakout is done.
2. if stop-loss hits then it can react from either of the supports or react from the combination of the two support zones.
tell me if anything is missing from my side
trade will be active from:
1. 175RS and above (target visible 230)
2. if fail, 135-138 RS and above (target invisible possibly consolidation 150-175 range)
this is for study purpose only