Trading_hawk

Simple Trade Setup| JUST DIAL | Getting ready for big move.

NSE:JUSTDIAL   JUST DIAL LTD
NSE:JUSTDIAL

Observations:
1) On daily time frame it has been trading in the range since 26 Jul 2021. Break on either side will give good move.

Higher range for breakout is 982 level and lower range for breakdown is 945.55.

Please refer Chart below: daily time frame.


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Trade Setup for Date 23-08-2021:

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.

4) If you are experience scalping trader then you can scalp between No Trading zone. Or else better to take safe trade.

5) For buy entry for 962 level breakout RSI needs to be above 50 on 15min time frame.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

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