NSE:CANBK   CANARA BANK
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Go long if it breaks the trendline and consolidates above it.
Alok , the placement of trend line is an indication where the Market is heading , and while placing it you must consider the descending supply line or ascending supply line , as per Time frame 2 Hour it has already broken the descending trend line and its consolidating now , have reviewed look
Regards
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@MoneyRain,
Do you want to say that we should enter in the trade before the break of he trendline?
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MoneyRain AlokPratapSingh
@AlokPratapSingh, Well its totally depends on You how you look the entire price action , and how you manage your buy set up or sell set up , set up are pre-defined with your risk to reward , trend line are just an indication or visual representation , they do not mean anything for market , Market tend to behave as per its own course of participants
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@MoneyRain,
I am new to this.
Thanks for the guidance.
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