INDHOTEL Down to its 2 Year old support ??!!!!
Actualizado
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!!!!
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!!!!
Operación activa
1 hr breakdown!!!Nota
nice followup!!!Operación activa
lower low formed....increasing the probability of our trade!!!!Operación activa
1st Target done!!! gap filled!!!Nota
As far as it is inside the channel , it is bearishNota
If it breaks 325 and makes a higher high...better to exit!!!Nota
still respecting the levels!!!!Operación cerrada manualmente
Nota
Take the green 2 year support line as target....may form the higher low and then shoot upwards!!!!
let's wait and watch!!!
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