FORTIS

Oct 21, 2021

Chart itself break the support line and now cosolidate on that area. So if market again break the support line on upside and stay there for at least two trading session and then showing a bullish candle then you can take long position or buy it.
And if you have existing position then kindly use the stop loss below the support line and if today market itself showing a red candle I mean bearish candle then kindly square off your position.
if market is maintain the previous uptrend channel then it will take resistance on the resistance line, and reverse from there. so for swing trade that resistance linen will be the target. And if you want to hold for long term then use the trailing stop below the support line. I hope below picture will be helpful for this text. If you want to know more kindly let me know