Trading_hawk

Simple Trade Setup | BHARATFORGE |02-09-2021

NSE:BHARATFORG   BHARAT FORGE
NSE:BHARATFORG

Observations:

1) On Daily Time frame you can see that it has already closed above 21DMA.

Please refer below chart : Daily time frame.


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For POSITIONAL trade one can take long position from CMP as well as any dip above 760 level will be good buying opportunity. SL will be 750.

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Trade Setup for Date 02-09-2021:

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 tomorrow.

Please refer below chart for levels.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.

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