trade can be executed based on only trend line /support and resistance with out indicators . things to be noted : 1. formation of horizontal base support price 2. lower supporting trend line near to base support 3. keeping simple price support below trend line as stop loss on closing basis 4. targets will be every major resistance formed earlier in trade
IGL trade set up : 1. cmp 509.80 2. buy up to 502 3. keeping stop loss as 478 on closing basis 4. targets : 536/547/560/580/592+++ technical setup: 1. trend line 2. support
Not
maximum possible descriptions are delivered through chart as well
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