Kotak bank is consolidating in a parallel channel pattern in 15 minute chart time frame chart so if it will break horizontal trendline resistance then we can go for a buy and if it will break horizontal trendline support then we can go for a short..
For Buy Side-: If it will break the resistance and give a close above on the same 15 min time frame chart so we can go long for the target of 1860 and 1880.
For Sell Side-: If it will break the support and give a close below on the same 15 min time frame chart so we can go short for the target of 1730 and 1717.
Target- Identified form coming support or resistance one can check on daily time frame chart.
Stop loss-: Stop loss if it will close below or above on 15 min time frame chart on the opposite direction of trade to support or resistance.
BE A HERO ALWAYS ✌🏽✌🏽✌🏽✌🏽
Comment
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SUPPORT RESISTANCE TRADE 👍🏽👍🏽
Trade closed: target reached
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SELL SIDE TARGET ONE FULLY DONE TARGET TWO OF 1717 LEFT BY ONE POINT ONLY