Alakzhandar

Swing trade opportunity based on confluence area

Long
NSE:IEX   INDIAN ENERGY EXCH
Trade setup

1. Price has met at intersection of Horizontal support and trend line support based on weekly and daily time frame , so both the player will push the market up.
2. All we have to wait is for the minor 2 hour trend line to break its resistance.
3. Energy sector ( CNXENERGY ) is also in uptrend in both weekly and daily time frame.

concept:
1. Channel pattern
2. Minor Trend reversal or Minor Trend line breakout
3. sector based entry
Comment: 417.85 buys
Trade closed manually: sells 453.50

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