Trading_hawk

Simple Trade Setup | TATAMOTORS | 25-10-2021 [INTRADAY]

NSE:TATAMOTORS   TATA MOTORS LTD
NSE:TATAMOTORS

Observations:

1) On 15min time, we can see symetrical triangle pattern . And it closed near to the support line of the triangle pattern . If it breaksdown the support (bottom) line then it will be bearish . But if it takes the support and then breakout resistance (upper) line then it will be bullish .

Please refer below chart : 1day Time Frame.

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All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 25-10-2021:

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.