One more example of roof & floor concept

5 May 2022

FORTIS
it is hovering between 230-300 levels

it has taken support 3 times already from 220-230 levels.

it is coming toward support level again so we should initiate buy entry here.

Expecting target should be roof or 300 level.
SL should be below the support zone, wicks are just noise so SL is below the wicks zone.

It is for those traders who take entry basis on horizontal support & resistance.
Don't forget to trade with SL.
Stay tuned
I will come up with more potential ideas with learning.
Happy trading

23 May 2022

İşlem aktif

long at support level 230-235
SL 223, target1- 260, target2-290