Simple Trade Setup | TATAMOTORS | 16-09-2021

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TATAMOTORS

Observations:

1)On Daily Time frame: It has just closed 100DMA. 100DMA is placed at 311.66 level. Good Thing is that it has given breakout of 310 level.

Please refer below chart : Daily time frame.


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Trade Setup for Date 16-09-2021:

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.

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.

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