mahhisingh

One more example of roof & floor concept

Long
mahhisingh Updated   
NSE:FORTIS   FORTIS HLTH (INDIA
FORTIS
it is hovering between 230-300 levels

it has taken support 3 times already from 220-230 levels.

it is coming toward support level again so we should initiate buy entry here.

Expecting target should be roof or 300 level.
SL should be below the support zone, wicks are just noise so SL is below the wicks zone.

It is for those traders who take entry basis on horizontal support & resistance.
Don't forget to trade with SL.
Stay tuned
I will come up with more potential ideas with learning.
Happy trading
Trade active:
long at support level 230-235
SL 223, target1- 260, target2-290
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.