Bajaj Finance | On demand of follower :) 🔰 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.
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