Simple Trade Setup | IRCTC | Last Week August 2021 (2)

Observations:
1) On daily time frame still it has been trading in the parallel channel .

2) Today it broke the middle trendline support and closed just above the bottom trendline of parallel channel.

Please refer Chart below: daily time frame.

Trade Setup for Last Week August -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) Please refer below levels for intraday trade for 24-08-2021.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Trading_hawk

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