Trading_hawk

Simple Trade Setup | 27-09-2021 | GRASIM [Intraday & positional]

NSE:GRASIM   GRASIM INDUSTRIES
NSE:GRASIM

Observations:
1) One 1 hr time frame,It made inverse head and shoulder pattern and given breakout of it on 24-09-2021. And it closed above the neckline of it.

Please refer below chart : 1 hr time frame.

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For Positional Trade for short-mid term target on long side will be 1700- 1720 - 1750. SL will be 1580.
Major resistant at 1660 level.
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Trade Setup for Date 27-09-2021:

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.

4) Avoid gap up or gap down chase. Wait and trade between levels.

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. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Trade closed: target reached: Intraday Target reached.