NBCC -- HOURLY CHART ==INTRADAY SETUP - 25/07/2022
1. Stock Seen trend reversal at 28 level and form upper channel above 32 level
2. from 35 levl some profit booking seen and retrace to 32 sub level at last session close at 32.70 exactly around trend line support of hourly chart
3. doji trend reversal candle seen at last hourly candle after consecutive red candle which is sign of upmove from this level
4. intraday buy can initiated above 32.85 level for target 33.25 - 33.50 -33.75 stop at bellow 32.25
5. IF trendline breakdown bellow 32.25 will be bearish and can fall towards bellow 32 level on intraday so short position can initiated bellow 32.25 level
6. support resistance level mention on chart at intraday basis
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
1. Stock Seen trend reversal at 28 level and form upper channel above 32 level
2. from 35 levl some profit booking seen and retrace to 32 sub level at last session close at 32.70 exactly around trend line support of hourly chart
3. doji trend reversal candle seen at last hourly candle after consecutive red candle which is sign of upmove from this level
4. intraday buy can initiated above 32.85 level for target 33.25 - 33.50 -33.75 stop at bellow 32.25
5. IF trendline breakdown bellow 32.25 will be bearish and can fall towards bellow 32 level on intraday so short position can initiated bellow 32.25 level
6. support resistance level mention on chart at intraday basis
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!