Simple Trade Setup | IRCTC | 28-09-2021 [INTRADAY]

27 set 2021

IRCTC

Observations:
1) On Daily Time frame, It took good support from 10DMA and made reversal.

Please refer below chart : Daily time frame.


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Trade Setup for Date 28-09-2021:

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.

5) Now Trendline should work as support.

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.