ONCE A TRENDLINE IS BREACHED ON CLOSING BASIS IT BECOMES SUPPORT NOW AS WE SEE WITH BLUE LINE STOCK TOOK RESISTANCE 3 TIMES AND FINALLY BREACHED UPSIDE AS SEEN WITH ARROW THEN BECAME SUPPORT BUT NOW AS SEEN WITH ELLIPSE STOCK IS TRYING HARD TO TAKE SUPPORT AT THIS TRENDLINE WHICH BECAME SUPPORT PREVIOUSLY IF IT BREAKS IT ON CLOSING BASIS STOCK WILL FALL TO 1485...
INFY WILL FILL THE GAP IF SOME BAD NEWS KICKS IN REGARDING WHISTLE BLOWER AND ALL THAT AND IF IT FILLS GAP IT WILL ENTER CHANNEL AND THEN IT WILL BE OBLIGED TO TOUCH LOWER LINE OF CHANNEL AND THEN WILL KEEP CONSOLIDATING IN THIS CHANNEL LET GREEN AREA AS DEMAND ZONE BE BROKEN ON CLOSING BASIS
I HAVE SHOWN MULTIPLE CHANNELS ONE CHANNEL IS BROKEN STOCK ENTERS NEW CHANNELS AND SO ON... YOUR STRICT STOP LOSS IS ORANGE LINE ON CANDLE CLOSING BASIS TWO TARGETS FOR LONG ARE GIVEN TRADE AT YOUR OWN RISK
2631 IS THE MAX TARGET IT CAN ACHIEVE LET THE GREEN AREA BE BREACHED ON CLOSING BASIS IN 1 DAY CANDLE IF THIS AREA WORKS AS RESISTANCE STOCK MAY FALL TO LOWER LINE
BULL FLAG IS SEEN WEEKLY CHART BUT IT WILL NOT GO UP UNLESS SOME BIG BOOSTER KICKS IN TO GO UP OR DOWN IT MUST BREAK BOTH WHITE AND GREEN LINES ON CLOSING BASIS TARGETS FOR SHORTS AS WELL AS LONG MARKED TRADE AT YOUR OWN RISK
FOLLOW CHART CAREFULLY
LET THE CANDLE BE CLOSED ABOVE OR BELOW RED LINES TO GO SHORT AND LONG GOOD LUCK TRADE AT YOUR OWN RISK
sell as near as upper green line and make sure does not close above it go short below red line two targets marked 2nd one is gap which has to be filled
CANDLE HAS TO CLOSE ABOVE TRENDLINE ELSE ITS A TRAP
SELL BELOW TRENDLINE TARGET MAKRED
LET COLOURED AREA WORKING AS SUPPORT BE BROKEN ON CLOSING BASIS(USE 30 MINUTE CANDLE) TARGET IS GIVEN WHICH IS GAP WILL BE FILLED AND ALSO TRENDLINE SUPPORT IS THERE
BUY IF YELLOW LINE BROKEN ON CLOSING BASIS AND SELL IF BLACK LINE BROKEN ON CLOSING BASIS EVERYTHING ELSE MENTIONED USE 30 MINUTE CANDLE
GREEN AREA IS GOOD DEMAND ZONE STOCK MUST TAKE SUPPORT ON THIS LEVEL IF IT BREAKS THIS LEVEL TARGET IS GIVEN FOR SHORT AND BUY ONLY ABOVE 1343 IF CANDLE GIVES CLOSE ABOVE IT WITH HUGE VOLUME
FOLLOW CHART TRADE AT YOUR OWN RISK
YOU KNOW WHAT TO DO LONG ABOVE PINK HORIZONTAL LINE
IF RESULTS ARE GOOD IT CAN MAX TOUCH THE TARGET AS SHOWN WITH ARROW BUY ONLY ABOVE 188.65 WHEN CANDLE GIVES A CLOSE ABOVE IT ON 45 MIN. CANDLE IF RESULTS ARE BAD TARGET 177.60 GOOD LUCK TRADE AT YOUR OWN RISK