Gann-Elliott-Trader

BAJFINANCE: Six Days of Inside Candles.

NSE:BAJFINANCE   BAJAJ FINANCE LTD
This BajFinance chart shows consolidation with six inside candles within a large candle. This shows too much of the energy is being suppressed like spring with in these inside candles and upon breakout either ways may give a good one sided move either up or down. Wait for the right moment and right breakout candle, wait for operators to establish the move and then we can jump into this trade. This trade may provide a good Risk/Reward Ratio after breakout.


Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.