Trading_hawk

Simple Trade Setup | BAJFINANCE | 06-09-2021

NSE:BAJFINANCE   BAJAJ FINANCE LTD
NSE:BAJFINANCE


Observations:

1)On daily Time frame we can see that it has been holding the support of fib level provided earlier. which is placed near 7486 level. It is failing to close below it since last 3 trading days.
You can also refer the same level which was earlier provided by me in link at very bottom of this.

Any violation or daily candle close below 7486 will invite profit booking.

Please refer below chart : daily time frame.

2) On 15min time frame, we can see that it has been consolidating in a range since last 3 days. Breakout on either side will give a good movement.


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Trade Setup for Date 06-09-2021:

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.

Please refer below chart for levels.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.