Trading_hawk

Simple Trade Setup | Reliance | 30-08-2021

NSE:RELIANCE   RELIANCE INDS
NSE:RELIANCE

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) If it breaks the RSI trendline on 15min time frame and breaks the trendline on price chart then it will be quick buy entry.

4) 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.
Trade closed: target reached