Averoy_Apoorv_Analysis

Bajaj Finance | On demand of follower :)

Long
NSE:BAJFINANCE   BAJAJ FINANCE LTD
🔰 MY thought process :
⭐ Well As nifty touching ATM once again so we can also see a good move in BJFin too, but instead it produced an evening star on the D chart = bearish sign, that too at resistance, Q is will that make it bearish = yep but only intraday basis, and that would be against the trend trade wrt overall market sentiments :), so I would not touch BJfin until it breaks through the lvl of 5834 or gives a breakaway GAP above that lvl = super bullish sign.
⭐It has taken support from the right place and gave a break of the trendline on Day chart = further up move also it retested its move = a smooth entry there too, now it is consolidating in a range :) which is good for us, as soon as the box breaks for above the trade is initiated.
⭐Which TF, well 1hr or 30mins would be better, patience is always better, but if your RR ratio is better on smaller TF then go for it :) as per your risk management system :)
⭐It's a good one I myself will keep an eye on this :) thanks for bringing this up mate :)

🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)

🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

<<<<<<Thank You Have a Nice Trading Day>>>>>>

Comments

Hey apporv, I m also a 2nd year engineering student and started stock trading 1 year ago. I would like to get knowledge and ideas from you ,
+1 Reply
@cbhagwat, Sure bro, will post things here keep learning and I will learn from you :)
Reply
Any good stock setup to trade for Monday brother?
+1 Reply
@mayankshah037, keep an eye on SIS it has given an amazing breakout, Naukri is on its triangles lower support trendline, Coal India has given a small breakout on 1hr, mastek has given a rounding bottom breakout too at ATM, Kotak bank has been silent for a while and given a breakout on D chart a good one, Sharda motors too has given a good breakout before earnings might give u an upside :). I Will be posting a lot more stay tuned :)
+1 Reply
Is there a way to connect, contact no or email ?
+1 Reply
@Raahuls, well for now I get very limited time to post all this coz of my studies so I would say we will be in touch through this platform :) Stay tuned and thanks
Reply
Sure bro... will be in touch...
Reply
Thanks a ton bro, that was super quick. The analysis is indeed interesting. It is on my watchlist. I would like to enter long around 5545-50 levels if I get it there. Or then closing above 5834, with a run away gap it could boom to 6400-6500 levels. Thanks for this analysis.
+1 Reply
@Raahuls, I love doing analysis, and taking trades with patience is like an addiction so anytime bro :) welcome
+1 Reply
Taking trades with patience is the key to success, rightly said... Whenever you have time over this weekend, I would again like to request you for few more stock analysis.
+1 Reply
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