Trading_hawk

Simple Trade Setup | M&MFin | 06-09-2021

NSE:M_MFIN   MAHINDRA &MAH FIN
NSE:M_MFIN

Observations:

1)On daily Time frame It made double bottom pattern and gave breakout on 2-9-2021 and on 3-9-2021 it made bearish candle but closed above the breakout level.

Please refer below chart : daily time frame.

-------------------------------------

Trade Setup for Date 06-09-2021:

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.

Please refer below chart for levels.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.
Trade active