Support Trendline with Higher Low Formation

6 Nov 2022

Apollo hospital is taking multiple rejection from {4600-4670} and became a crucial supply zone.

There is a trendline where price took support multiple time and Now the price is at the support line.

There is also a Ascending triangular pattern with 3 nodes.

One should enter at this level with small SL.

If price closes below the trendline , close the trade without any second thought.

Lets talk about numbers-

1. entry- 4340-4360
2. SL-4235-4260 { 2.5%}
3.Target 1st-4630-4650{supply zone} , Target 2nd-4940-4960

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