Bselong
BSE LTDBSE LTD Make Pall & Flag Flag Pattern But not confirm now ,
BSE Breakout 901 and sustained above 900 than confirm Pall & Flag Pattern Confirmation,
BSE Breakout and sustained above 901-10 than next move 955-60 Sustained above 955 than next move on 1024 and than open the sky of pall and flag pattern Target Move 1300 possible ,
But Now the time market Stay in Negative so,
Breakdown also possible,
If 340-38 Breakdown also possible,
Than Next Support 780-85 Possible
so be Careful and trade according your analysis and market view
Simple Trade Setup | BSE | 01-11-2021 [ INTRADAY]NSE:BSE
Observations:
1) On daily time frame, we can see that it has made bullish spinning top candle.
Also it closed below 21DMA and it is trading above 50DMA.
50 DMA which is placed at 1240.07 level which will work as major immediate support.
and 21DMA which is placed at 1330.53 level which will work as immediate resistance.
Sustainable breakout of 21DMA will make it bullish again.
Please refer below chart : 1day Time Frame.
2) Also On 1day time frame, we can see it is forming cup and handle pattern. Major breakout level is 1400 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 01-11-2021:
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.