As we can see, in the past NIFTY has taken support from that same Ascending Trend Line multiple times,
taking support and moving up at least 10%, we can see that from S1, S2, and S3.
The Risk is minimum.
Stop loss(below Trend Line{TL}- a strong close of candle below TD) and the reward is 17000 mark.
Our key principles:-
> We will only enter a trade when we are 100 % confident.
> We will only enter those set-ups where risk is very low.
> We will wait patiently for the price to come under our radar, until then we will just wait and watch.