Trading_hawk

RELIANCE || Simple Intraday Setup 30-07-2021

NSE:RELIANCE   RELIANCE INDS
NSE:RELIANCE

RELIANCE is still having bearish trend . It couldn't break that trendline. Also took resistance below the critical zone mentioned on the chart.

For Intraday trader, you can play between the levels marked on the chart.

If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break down then it will give a sell trader till next level on the down side. But take the trade once you get the 15min or at least 2 consecutive 5min candle to consider as breakdown or break out.

Trade with SL.

Hope my ideas are helping you to understand levels, price action and taking the trade from the right level.

Do comment if you have any suggestion or doubts, I will try to response as soon as possible.