Simple Trade Setup | ABFRL | 28-03-2022 [INTRADAY]

Mar 27, 2022

ABFRL

Observations:

1) On 1day time frame, we can see it gave breakout of the resistance channel on Thursday and on Friday session it closed just at it or slight above it.

If this Friday session move was to test the breakout and it takes support from this resistance channel then we can see good up move from here.

Please refer below chart : 1day Time Frame.



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Trade Setup for 28-03-2022

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.