Airtel trading in descending parallel channel last few days. RSI confirming downtrend. We can buy at the low of the channel. We can sell at high of the channel. Minimum target for both buy and sell order is POC (Center line). This is an educational idea. Please trade on your own risk.
Trade active:
Lots of trade between VAL and POC. Today reached VAH. POC acted as trendline and resistance for past few days (got tested 3 times and so bounced high to VAH).
Comment:
Am paper trading. Wait for retest on trendline and enter long.