Simple Trade Setup | TATAMOTORS | 16-09-2021

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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.