Today it gave clear view for signal. As it was making by making lower low on price while was making higher lows. Also it was taking good support from 1025 level. And it broke the trendline.
Here is the simple trade setup for 06-08-2021.
Chart and levels are easy to understand.
Do comment your doubt or suggestion.
All the best.
Today due to result day it was very volatile.
One interesting thing happened in last 15min candle is that it went down till 1035 level and took support and closed at 1047 level.
As I mentioned in below comment " As far as if it maintain the level of 1030 and taking support from it then it has bullish trend. But if it starts to trade below 1030 level then there will be again a downward moment."
But if you want to take fresh position on buy side then it will be better above 1050 level. And for fresh short position it will be below 1025.
And if you are having already buy side position then better to hold it and keep stop loss at 1025.