1)On 1hr time frame, it is making descending triangle pattern, in which it is making lower highs but keep on taking support from 2735-2740 level range.
Please refer below chart : 1hr time frame.
2) Also on 1hr time frame, if it continuous to complete double bottom pattern then it will be a good buy once it test the 2780-2782 level range and gets support from it.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 07-09-2021:
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.