BONUS TARGET ACHIEVED | TRADE SETUP FOR 30-07-2021 | COLPALNSE:COLPAL
It was a huge selling in COLPAL, due to result day today. It went down to test it bottom. Hope you had good sell trade. Both the pre-decided target achieved easily. As well as there were two bonus target, but most of might have get the one bonus target as well.
Simple trade setup for 30-07-2021
Since it has history as once it test the bottom and gets support it will recover all the down fall in couple of days.
Better to avoid intraday trading in the range marked on the chart. Only take the trade from the levels.
Do comment if you have any doubt or suggestion. I will try to respond ASAP .
Also do comment if my ideas are helping you to understand the trade setup, price levels and getting the trade in real market.
Intradaytrading
IIFL Wealth Management chart analysisIIFL Wealth Management chart analysis for intraday and swing trading
Bank Nifty Intra Day Trade Strategy for 28/7/21Bank Nifty Trade Setup for 28th July, 2021– Bank Nifty Closes At - 34800
Daily time frame – support – 34150
resistance - 35350
5 min time frame - resistance at 35200 and support at 34650
Sentiment of the Market – sentiment is bullish
Intraday Action for Various Possibilities -
1) Opens Flat -
a) Goes Up- Buy CE only if it crosses 34950
b) Goes Down – Buy PE if it falls below 34400
2) Opens with Gap Up -
a) But Below 34950 - Buy CE only if it crosses 35200
b) Above 34950
i) Its going up - Buy CE only if it crosses 35200
ii) Its going down -Wait for it to bounce back from 34950 and buy CE when crosses 35200
if it breaks 34650 - then no trade till 34400
and if it breaks 34400 then Buy PE below 34400 till 34150 and beyond.
3) Opens with Gap Down -
a) Above 34650 - Wait for it to bounce back from 34650 and buy CE trade above 34950 only
b) Below 34650-
Keeps on falling then Buy PE up to a fall of 34150, support present at 34400
These Levels are for Safe Playing Traders Only and during Live Trading you can always make profit from Scalp Trading between these levels