AS you can see in the Chart ... Flag and pole pattern formation and Traingle formation has been shown by SAIL on Daily Chart
There are 3 possible Setups to trade in this Scenario:
Case 1 : if it take support at traingle base as shown in chart ... we can go for a swing trade ... with immediate target of 130 with SL mentioned in the chart
Case 2: if it breaks above resistance .. only with good volume ... then wait for it to retest the resistance trendline ... and if it took support then u can go long ... for safer side by above 135..
Case 3 : In case .. if it break down below 116 ... then w8 for the retest ... if it took resistance at 116 then you go short...
Note : I am still in a learning phase .. please let me know if i missed something
Disclaimer : This is just for Education Purpose only
There are 3 possible Setups to trade in this Scenario:
Case 1 : if it take support at traingle base as shown in chart ... we can go for a swing trade ... with immediate target of 130 with SL mentioned in the chart
Case 2: if it breaks above resistance .. only with good volume ... then wait for it to retest the resistance trendline ... and if it took support then u can go long ... for safer side by above 135..
Case 3 : In case .. if it break down below 116 ... then w8 for the retest ... if it took resistance at 116 then you go short...
Note : I am still in a learning phase .. please let me know if i missed something
Disclaimer : This is just for Education Purpose only