Bajaj finance has been forming an inside candle and is consolidating in a descending triangle patter.
The stocks has been trading around its 20 ema on the hourly time frame.
The volume are falling and the triangle break out with high volume can initiate a swing as well as intraday trade.
On 15 minute time frame analysis, the moving averages are close together...
NSE:BAJFINANCE
Observations:
1) On 15min Time Frame, we can see a triangle pattern formation.
Please refer below chart : 15min time frame.
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Trade Setup for 23-05-2022
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...
NSE:BAJFINANCE
Observations:
1) On 1day time frame, we can see a resistance channel.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see both resistance and support channel.
Please refer below chart : 15min Time Frame.
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Trade Setup for 25-03-2022
1) Don't Jump in to trade at...
![BAJFINANCE: Simple Trade Setup | BAJFINANCE | 23-05-2022 [INTRADAY]](https://s3.tradingview.com/5/57KjpEN7_mid.png "Simple Trade Setup | BAJFINANCE | 23-05-2022 [INTRADAY]")
![BAJFINANCE: Simple Trade Setup | BAJAJ FINANCE | 25-03-2022 [INTRADAY]](https://s3.tradingview.com/b/BrC8pstl_mid.png "Simple Trade Setup | BAJAJ FINANCE | 25-03-2022 [INTRADAY]")