Intradaysetup
Intraday trade using Triangle and Channel pattern The script has given a breakout in the D time frame the last week with huge volumes and has consolidated since then.Check out my previous post on Aarti Industries as well.Now on checking the smaller time frames I found good consolidatory channel and triangle pattern.It could give a intraday breakout.So, the 15 min chart would be perfect.One could take a trade on closing basis above 1126 in the 15 min chart with targets of 1149 and 1185.My stop loss will be below 1102 on closing basis on the daily time frame.
Disclaimer: I have position in AARTIIND already from 935 levels (150 shares) and I have added more (50 shares) at 1106.I may further add small quantity on this breakout.
This post is for educational purpose only.Pls analyse and trade only if it falls as per your risk reward setup.
Simple Trade Setup | ASTRAL | 27-09-2021 [INTRADAY]NSE:ASTRAL
Observations:
1) On Weekly time frame, range of 1900 to 1950 is acting as a good support now.
Please refer below chart : weekly time frame.
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Trade Setup for Date 27-09-2021:
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 respsective level considering how price action works near that level.
NIFTY EXPIRY LONG TRADE Nifty was in complete consolidation mode today and the markets just ended flat with a minor decrease of about 0.10 percent . A very important resistance to watch out right now is at 17663 . A long trade in nifty can be initiated when a 15 min candle closes above this resistance and huge targets can be achieved on intraday basis . Each target given in the setup is big and that is why strict trailing stoploss should be used after we hit our targets one by one .
T1 (17711)
T2 (17756)
T3 (17785)