Simple Trade Setup | BATAINDIA | 30-08-2021

Aug 27, 2021

BATAINDIA

Observation:
1) On daily time frame it has made cup and handle pattern breakout and sustaining it.

Please refer below chart.


2) On Daily time frame it has been taking support from trendline.

Please refer below chart.


----------------------------------------------

Trade Setup for Date 30-08-2021:

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 tomorrow.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Aug 30, 2021

Trade closed: target reached