Simple Trade Setup | IRCTC | 02-09-2021

Sep 1, 2021

IRCTC

Observations:

1) On 1 HOUR time frame it has made a rounding bottom pattern and closed just below the critical breakout level of 2750.

Please refer below chart : 1 hr time frame.




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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.

Sep 2, 2021

Trade closed: target reached