Simple Trade Setup | ABFRL | 13-09-2021

Observations:

1)On Daily Time Frame: If we use FIB RETRACEMENT from recent swing then we can see that from 61.8% level it took support.
This level of 212-213 range is a support zone now. Sustainable Breakout of 216 level make it bullish again and we can see Target of 227-228.

Please refer below chart : Daily time frame.

2) On 15min time frame, we can see that it has consolidation zone between 213-216. Sustainable breakout of any side will give move on that side.
Breakout of 216 will give upmove and breakdown of 213 level will give quick upmove.

Please refer below chart : 15 time frame.

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Trade Setup for Date 13-09-2021:

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.