Simple Trade Setup | Trade Setup | 30-08-2021

Aug 28, 2021

SUNPHARMA

Observation

1) On 1hr time frame it is making pole and flag pattern and trading in to the flag channel.
It have critical support zone of 750-752 level.

Please refer below chart: 1 hr time frame:



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Trade Setup for Date 27-08-2021:

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) 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.

Aug 30, 2021

Trade closed: target reached