Simple Trade Setup| RBLBANK | 23-08-2021| Will it give reversal?

٢٢ أغسطس ٢٠٢١

RBLBANK

Observations:
1) On daily time frame it has come to the critical zone. From it may reverse or on breakdown of it, it will go down. But my personal view is that it will give revesal.

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) 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.




For Positional Buy trade only take entry once it give closing above 165 level on daily time frame and target will be 200 in short term.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.