Swing Trading in the current Market:
1) Buy Zone: Here we can make the fresh position on confirmation of reversal from support.
2) Sell Zone: Here we can either book our long side profit or make new short position after confirmation near the resistance level.
3) Breadown Zone: When the market gives a breakdown of this parallel channel then possible strong bearish move in the market. After this breakdown, we can exit all long position and make a new fresh short position for a new low.
4) Breakout zone: If market trading above this parallel channel then expected strong bullish movement in the market for new heigh so we can exit from all short side position after the breakout. Also, We can find new breakout in stocks for the long side.
1) Buy Zone: Here we can make the fresh position on confirmation of reversal from support.
2) Sell Zone: Here we can either book our long side profit or make new short position after confirmation near the resistance level.
3) Breadown Zone: When the market gives a breakdown of this parallel channel then possible strong bearish move in the market. After this breakdown, we can exit all long position and make a new fresh short position for a new low.
4) Breakout zone: If market trading above this parallel channel then expected strong bullish movement in the market for new heigh so we can exit from all short side position after the breakout. Also, We can find new breakout in stocks for the long side.