Trading_hawk

Simple Trade Setup | COLPAL | 20-09-2021 [INTRADAY]

NSE:COLPAL   COLGATE-PALM (IND)
NSE:COLPAL

Observations:

1)On Daily Time frame: After breaking rounding bottom pattern, we can see that it has been trading and keep on taking support from neckline and critical zone of 1710-1720.

Please refer below chart : Daily time frame.

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Trade Setup for Date 20-09-2021:

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.

Note: Trade with Strict SL.