Trade Setup for Date 11-10-2021:
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.
1) On 1hr time frame it is making pole and flag pattern and trading in to the flag channel.
It have critical support zone of 750-752 level.
Please refer below chart: 1 hr time frame:
Trade Setup for Date 27-08-2021:
1) Don't Jump in...
Simple Trade Setup
Hope chart and levels are easy to understand.
Breaking of triangle in any side will give good movement. Safe trade level for buy and sell are already mentioned on it.
All the levels will work as support, resistance, entry and target w.r.t price action tomorrow near to that levels.
Do comment your doubt or suggestion....
1. rising wedge pattern price movement
2. inside flug pattern formeed and breakout
3. next supply/demand zone that target level
4. chance for health reatrcement may be expected coming day
5. historical trend also target zone same
Bearish Indications in SUNPHARMA:
1) Head & Shoulder Pattern Breakdown
2) Uptrend Channel Breakdown
3) 200 Day EMA Breakdown
All of this above patterns indicating after today's 3.78% fall SUN PHARMA Continue its bearish rally till 545(6% downside).
I hope you can now see how Sunpharma represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be...