INDHOTEL Down to its 2 Year old support ??!!!!

10 февр. 2023 г.

Chart pattern does pave way for the above titled opinion

Reasons:

1. INDHOTEL has been trading inside an Ascending Channel pattern for the past 2 years, taking support and resistance at perfect levels till now.
2. Currently it is going through the Downswing move(in the form of descending channel pattern forming lower high and lower lows) inside the major ascending channel.

3. Weekly time frame chart below



4. Target & SL levels mentioned @ chart

5. Entry can be made after hourly breakdown out of the white trendline as shown below



Let's wait & watch, how it moves!!!!

Note- Just sharing my view....not a tip nor advice!!!!

13 февр. 2023 г.

Сделка активна

1 hr breakdown!!!

13 февр. 2023 г.

Заметка

nice followup!!!

21 февр. 2023 г.

Сделка активна

lower low formed....increasing the probability of our trade!!!!

22 февр. 2023 г.

Сделка активна

1st Target done!!! gap filled!!!

1 мар. 2023 г.

Заметка

As far as it is inside the channel , it is bearish

2 мар. 2023 г.

Заметка

If it breaks 325 and makes a higher high...better to exit!!!

6 мар. 2023 г.

Заметка

still respecting the levels!!!!

8 мар. 2023 г.

Сделка закрыта вручную

27 мар. 2023 г.

Заметка

Take the green 2 year support line as target....
may form the higher low and then shoot upwards!!!!
let's wait and watch!!!