TECHNICAL PICK UPL 2
Updated
Upl price is consolidating in a parallel channel pattern on hourly 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 hourly time frame chart so we can go long for the target of 774.
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 710.
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 hourly time frame chart on the opposite direction of trade to support or resistance.
For Buy Side-: If it will break the resistance and give a close above on the same hourly time frame chart so we can go long for the target of 774.
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 710.
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 hourly time frame chart on the opposite direction of trade to support or resistance.
Note
REACHED 771+ NEAR TARGET OF 774Trade closed: target reached
SELL TARGET DONETrade closed: target reached
BUY TARGET ASLO DID
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