1)On Daily Time frame: we can see that the retracement is over now and today it gave good bullish candle as a reversal. Now it will go continue it's bullish trend.
Please refer below chart : Daily time frame.
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Trade Setup for Date 17-09-2021:
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.
On 15min time frame it is still above 21MA. Let's see if a 15min candle closes below this 21 MA then it will be a concern as there will be profit booking. But still not a short trade.
Trading_hawk
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if it gets support from 2440 on 15min time frame then it will be a dip to buy
digitalharry2021
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thanks for such an awesome suggestion which you indicator you have used in this chart sir
Trading_hawk
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@digitalharry2021,
In this chart there are no indicator. But I am keeping simple in my intraday trading and using only MACD , RSI and Moving average [21 SMA].
imrankkhan69
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Thanks a lot sir, Can u plz sugesst tommorow which one index best for trade nifty or Banknifty