Trade Setup for Bajaj Holding

inteliigentrader Updated   
This is a very similar setup to the Bandhan Bank setup which I had given, which gave close to 3% returns in intraday, which is really good. This setup has to work in the coming 2-3 sessions(but I believe this will work tomorrow, but if not, then keep this stock in your watchlist. I am sure that the next big move in this stock is coming in some sessions, and the move could be as big as 3-4% intraday). Watchout for volume expansion in the direction of the trend to get a confirmation before taking any trade. Use your risk management and then decide whether it suits you or not. Price action has been beautiful in this stock and a huge movement is expected, as this is a high beta stock or volatile stock. Remember this setup and come back to check if it worked. If it did, then do not forget to follow me for such excellent trade setups.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Still rangebound, waiting for a breakout on either side on a 5 min chart and then a retracement on the VWAP, to enter in trade. Lets see. Torrent power has given good entry and currently in profit of about 1.1 RS
If Bajaj Holdings still is range bound for the entire session, then the probability of a huge move will increase significantly, tomorrow. And the move will also be huge. Have patience and believe in the market


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