Trading_hawk

Simple Trade Setup | BAJFINANCE | 2nd Week Nov 2021 [ intraday ]

NSE:BAJFINANCE   BAJAJ FINANCE LTD
NSE:BAJFINANCE

These levels are for this week of Nov 2021.

Observations:

1) On daily time frame, we can see that it took good support from 10DMA but closed below 21DMA.
10DMA is placed at 7545.32 level
and 21DMA is placed at 7676.76 level.

21DMA is immediate resistance while 10DMA is immediate major support now.

Please refer below chart : 1 day Time Frame.



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Trade Setup for Date 09-11-2021:

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.