Trading_hawk

Simple Trade Setup | NATIONALUM | 30-08-2021

NSE:NATIONALUM   NATIONAL ALUMINUM
NSE:NATIONALUM

Observations:

1) On Daily time frame it is already taken good support and reversal from 100DMA and now it is just closed below 21DMA.

Please refer below chart : Daily time frame.

2) On 1hr time frame it is just below next resistance zone . And it formed kind of inverse head and shoulder pattern.

Please refer below chart: 1 hour time frame.

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Trade Setup for Date 30-08-2021:

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 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.

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