I am posting this as one of the follower requested.
Observations:
1) On daily time, it took support from 200DMA 3 days before and trading above it.
Also the earlier resistance trendline now working as support trendline.
Immediate resistance level is at 172 level. Sustainable Breakout of 172 level will give good up move.
Please refer below chart : 1day Time Frame. -------------------------------------
Trade Setup for Date 25-10-2021:
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
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. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
i am holding good quantities at 179 levels since April. Is there anything good to hold this for awhile more to make some gains?
Trading_hawk
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@vinod_g_nair, Hi If it gives sustainable closing above 176 level then we can see 180 level. And breakout of 180 level will lead it to 200 level in short-mid term. If breakout of 176 sustain then any dip above 176 will be good buying opportunity or one can accumulate/average.
P.S" this is my personal view. It is not any trading advise.