LONG NIACL / INR
As you can see that the support and resistance are strong. The buyers and sellers are active when the price moves toward their zone.
From this, we could easily conclude that the trendline which has been broken right now is going to touch the support and may go up again!!! But only if the price goes up!!
The chart has made double bottoms which is a clear sign of bullish activity in the market down there. But after the price retest, we could buy for a long and go for the second target too!!!
This happens only in my case of the bullish signs. Not in the case when the price goes down(short). If the price goes short, I recommend not getting into the market for long.
From this, we could easily conclude that the trendline which has been broken right now is going to touch the support and may go up again!!! But only if the price goes up!!
The chart has made double bottoms which is a clear sign of bullish activity in the market down there. But after the price retest, we could buy for a long and go for the second target too!!!
This happens only in my case of the bullish signs. Not in the case when the price goes down(short). If the price goes short, I recommend not getting into the market for long.
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