Piyush-Gupta

BAJFINANCE AGAIN, 26 points in 20 mins (Trade Analysis)

Long
NSE:BAJFINANCE   BAJAJ FINANCE LTD
BAJFINANCE was given for long at 10:21 AM above 1954 (CMP was 1940). Soon enough in next 3 min it was triggered and moved smoothly to 1980 in next 20 mins. Resistance area was updated to student group at 1975-80 and stock reversed from same level (highlighted by pink line).
This level of 1980 was there in my previous chart as well, posted 2 days ago.

Detailed 3 min chart to understand this chart is below

Other recommendations today were ULTRACEMCO & BANKNIFTY and both were success.

Please note there are few principles to be followed before you jump into trade. You can't trade every and any trend line breakout.

Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
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