Risk vs. Reward = 5 vs 17 points (1 is to 3)
Suppose to, you are going to get chance for long between 110-105 at where your reward will be more higher than risk.
Support of lower bound at 111 with Safe-Target 127 above for same channel but if price shift toward the new "Value Area (3)" in upward then swing target 138-155.
The Decision is your and...
IBULHSGFIN Intraday trading ideas... for profit
Sell Below 120 targets mentioned in chart ( Probability of Sell is High )
Buy above 123....
Not recommended to take any position if IBULHSGFIN trade in range of 120-123
IBULHSGFIN - based on weekly and daily charts on trend-line resistance.
Incase if break - can go for long
Incase if reversal - can go for short
Need to keep on watch list for next trading session
PS: No trading recommendation, only based on trend analysis.
Key Levels for IBUHSGFIN Search >>> OPTIONSCALLFREE on Telegram for more updates
Please trade with caution and consult your financial adviser before trading.
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4-6 times.