The short-term trend for Bajaj Finance Ltd. (BAJAJ-FIN) on the TradingView chart appears downward with lower highs and lower lows. Here's a breakdown:
Volume: Relatively low volume, implying the recent downtrend might lack strong conviction.
Price Action:
Broke below the recent swing low around ₹7150, confirming bearish momentum.
Struggling to hold above...
NSE:BAJFINANCE
Observations:
1) On 1 day time frame, it is just below the 21DMA which is placed at 6988.11 level
200DMA is placed at 6465.15 level which is major support.
If it trades above 21DMA then there will be chances of up move. But if it faces resistance then it will be down fall again.
So we can see that 6990-7000 will be major range. It will work as...
![BAJFINANCE: Simple Trade Setup | BAJAJ FINANCE | 03-01-2022 [ INTRADAY ]](https://s3.tradingview.com/a/aiEnT3nI_mid.png "Simple Trade Setup | BAJAJ FINANCE | 03-01-2022 [ INTRADAY ]")
![BAJFINANCE: BAJFINANCE Short Trade [POSITIONAL]](https://s3.tradingview.com/z/zNTbAWei_mid.png "BAJFINANCE Short Trade [POSITIONAL]")
