1) On 1day time frame, it is still above 100DMA but below all of other short term Moving Average. Such as 10, 21 and 50 DMA.
Please refer below chart : 1 day Time Frame.
-------------------------------------
Trade Setup for Date: 24-11-2021
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
is it right time to buy stocks when market is down. if yes please suggest some BTST stocks.
Trading_hawk
⋅
@MrReddy24, It is right time for accumulation and add stock for long term. for BTST I am not sure. for short term gain you can focus on good pharma and health care stock. Such as Dr.Reddy, Sun Pharma, Metropolic, Dr lal path etc....