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

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!!!!

การซื้อขายยังคงดำเนินอยู่:

1 hr breakdown!!!

ความคิดเห็น:

nice followup!!!

การซื้อขายยังคงดำเนินอยู่:

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

การซื้อขายยังคงดำเนินอยู่:

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

ความคิดเห็น:

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

ความคิดเห็น:

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

ความคิดเห็น:

still respecting the levels!!!!

ปิดการเทรด ด้วยตนเอง

ความคิดเห็น:

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