Trading_hawk

Simple Trade Setup | ASHOKLEY | 13-09-2021 or in coming few days

NSE:ASHOKLEY   ASHOK LEYLAND
NSE:ASHOKLEY

Observations:

1) On Daily time frame, It has made a bullish candle and broke 21 DMA as well as 125 level with good volume . If it sustain above 125 level then this will start bullish move now.

Please refer below chart : Daily time frame.

2)On 15 Time Frame: It made bullish flag and pole pattern.

Please refer below chart : 15min time frame.

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Trade Setup for Date 13-09-2021:

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.

Please refer below chart for levels.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.

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