Simple Trade Setup | COLPAL | 23-08-2021

COLPAL

Observations:

1) On Daily Time frame, it is holding it above 100DMA.

Please refer Chart below: Daily time frame.


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Trade Setup for Date 23-08-2021:

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) If you know scalping then you can do between 1700 to 1670 levels. Good upmove will be only on breakout of 1700 level or if it takes support from 1700 level.

3) If it faces resistance from 1700 level then it will be short trade entry.

4) Everything is mentioned on the chart. I hope it is easy to understand.

5) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.



Hope I made it easy to understand it.

Do comment your doubt or suggestion.