Trading_hawk

Simple Trade Setup | BAJFINANCE | 20-09-2021

NSE:BAJFINANCE   BAJAJ FINANCE LTD
NSE:BAJFINANCE

Observations:

1) On Daily Time Frame: It has closing below 10DMA since last 4 days. And as per history, it remains below 10DMA for few days only. There may be case that it will break and will cross over it.

Please refer below chart : Daily time frame.

Just for reference.
Please refer below chart : 15time frame.
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Trade Setup for Date 20-09-2021:

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.

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 respsective level considering how price action works near that level.
Trade closed: target reached