Simple Trade Setup | GODREJPROP | 18-08-2021

Aug 17, 2021

GODREJPROP

Observations:
1) On Daily Time Frame, it is trading above 44 DMA and keep on taking support from it.It took 2 time support from 44DMA.

Please refer Chart below: Daily time frame.


2) On 1 hour time frame, it is now on critical Zone.

Please refer Chart below: 1 hour time frame.


3) On 15min Time frame, it is taking good support and reversal from the channel. And Today it is in that critical channel.

Please refer Chart below: 15min Time Frame.


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Trade Setup for Date 18-08-2021:

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 target w.r.t price action working near that level tomorrow.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.