We are onto the 9th trade of swing trading
We can observe the Resistance and Support level in the charts but we do not have any trade presently.
As we can see the Lower top has been formed and we have initiated a sell trade at 123.1 with stop-loss at the high of the green candle.
Now as we can see it has broken the previous support level and this support level will now act as a resistance level so we set our trailing stop-loss at this level.
Now it is near its next support level and the chances of reversal are quite high so we update our stop-loss to the high of the red candle.
It has bounced from the support level and we have updated our trailing stop-loss to the high of the green candle.
Our stop-loss was hit at 113.75.
VERDICT – the Profit of 65450.
For further reference – Ashok Leyland Swing Trade 9