Simple Trade Setup | HAVELLS | 23-08-2021

Aug 20, 2021

HAVELLS

Observations:
1) On 30min Time Frame, Still it has been taking support from parrallel accending support zone from long time. And it closed just above that upper trendline same like the previous trading day.

Please refer Chart below: 30min time frame.


2) On 1hr time frame, it is still in accending triangle pattern. Breakout of 1260 level on hourly time frame will give good up move and can be also buy entry for positional buy trade.

Please refer Chart below: 1hr time frame.


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Trade Setup for Date 23-08-2021:
--> Most of the trade setup and trade level will be same as previous level. One Trendline-2 has been added.

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.