Let’s revisit the trade setup of Infosys –
The upper trendline and lower trendline of Flag also are considered as support and resistance. So, We can use our theories of Support and Resistance to increase our probability of profit.
Let’s discuss improvision and practicality!
In the Infosys trade,
Note – As we know, Two trendlines create Channel. The upper trendline and lower trendline of Flag is creating a channel hence.
In this chart, I took liberty to draw the proper target and stop-loss as per plain theory.