Simple Trade Setup | HINDALCO | 02-09-2021

Sep 1, 2021

HINDALCO


Observations:

1) On Daily Time frame you can see that it has followed FIB levels perfectly and immediate critical support level is 458.

Please refer below chart : Daily time frame.



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Trade Setup for Date 02-09-2021:

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 tomorrow.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Sep 2, 2021

Trade active