Simple Trade Setup | COLPAL | 08-09-2021

Observations:

1)On daily time frame, yesterday 06-09-2021, it closed with bearish candle just above 50DMA and today 07-09-2021, it took support from 50 DMA and made bullish candle.
Only one negative thing is that it couldn't closed above yesterday's high.

Please refer below chart : Daily time frame.

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Trade Setup for Date 08-09-2021:

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.