headymuk

POWER OF MAJOR + HORIZONTAL SUPPORT !

Long
NSE:IGL   INDRAPRASTHA GAS
IGL is near its very important major support trend line. Also it is on its horizontal support line. The combination of these two supports can acts as very crucial support.
Enter on break of minor trend line that is drawn. This is very goog R:R trade.
This analysis was done by me only for understanding work of trend line. Use this only for education.
Feel free to share your views/feedbacks.
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.