BAJAJ FINSERV LTD.Short
380 points captured in BAJAJFINSV & JUBLFOOD (Trade Analysis)
It was most profitable day for any intraday trader.
BAJAJFINSV was given for short below 4330 at 11:29 well before breakout (it was trading around 4345). Reason for short is highlighted in chart.
T1 was notified as 4301 (psychological support) with T2 as 4285 (highlighted in chart) and below that it was notified as free fall.
Soon enough it breached T1/T2 and then fell like crazy to make low of 4087 (350 points), although as taught, we never take greed and booked satisfying 200+ points.
JUBFLODD was given to long above 1601 at 11:08AM and it took some time and it sailed smoothly to 1638 ( 37 points). Although my T2 was not met but T1 for JUBLFOOD was 1628 which it reached in no time.
Logic for JUBLFOOD was TL breakout and small ascending triangle formation.
Other than this we had 5+% profits in PFC & BANDHANBANK which were given last evening & both were easy trades.
Provided NIFTY support view at 10:44AM and NIFTY reversed exactly from same level. See charts below
NIFTY EOD chart (never crossed levle provided)
All in all we had pretty decent day and everyone earned good profits.
My philosophy of price action is to keep charts very simple and do same repeatative stuff again and again. More you keep your chart clean, better you can read price and take action.
If you wish to learn price action from me, kindly reach out.
Thanks
BAJAJFINSV was given for short below 4330 at 11:29 well before breakout (it was trading around 4345). Reason for short is highlighted in chart.
T1 was notified as 4301 (psychological support) with T2 as 4285 (highlighted in chart) and below that it was notified as free fall.
Soon enough it breached T1/T2 and then fell like crazy to make low of 4087 (350 points), although as taught, we never take greed and booked satisfying 200+ points.
JUBFLODD was given to long above 1601 at 11:08AM and it took some time and it sailed smoothly to 1638 ( 37 points). Although my T2 was not met but T1 for JUBLFOOD was 1628 which it reached in no time.
Logic for JUBLFOOD was TL breakout and small ascending triangle formation.
Other than this we had 5+% profits in PFC & BANDHANBANK which were given last evening & both were easy trades.
Provided NIFTY support view at 10:44AM and NIFTY reversed exactly from same level. See charts below
NIFTY EOD chart (never crossed levle provided)
All in all we had pretty decent day and everyone earned good profits.
My philosophy of price action is to keep charts very simple and do same repeatative stuff again and again. More you keep your chart clean, better you can read price and take action.
If you wish to learn price action from me, kindly reach out.
Thanks
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Only way to succeed in stock market is by learning Price Action.
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Main TG t.me/priceactionchart
Automated TG : t.me/PriceActionChart_TechHub
Only way to succeed in stock market is by learning Price Action.
WhatsApp : 9717077198
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