Simple Trade Setup | TATAPOWER | 24-11-2021 [ INTRADAY]

TATAPOWER

I am posting this as one of the follower on twitter requested.

Observations:

1) On 1day time frame, it is now back above 21DMA.

Major support is at 220 level.
And if it sustain above 21DMA then we can see upmove to continue.
21DMA is placed at 231.42 level range. Which will work as immediate support.

Today's volume was slightly lower than yesterday.

Please refer below chart : 1 day Time Frame.

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Most of the levels and trade setup remains same.

Trade Setup for Date: 24-11-2021

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.