BAJAJ FINANCE REVIEW 23-07-2021 | TRADE SETUP FOR 26-07-2021

23 thg 7, 2021

BAJFINANCE

Today, 23-07-2021, BAJFINANCE took support from trend line but couldn't trade above our entry point 6230. It made 6225 high but faced resistance from there.

Our levels and target remains same. Buy/long trade will be only activated above 6230 levels. It closed today above 6180 level which is also our marked level. If this level works as support then we will remain bullish. If this support 6180 level breaks then next support it trendline itself. And if the trendline break then next vert important support is in the range of 6094-6100.

My personal view is to go short/sell trade only below 6100. Otherwise you might get trapped in the wrong signal on bearish side. Right now as far as it is trading above trendline and 6180 it has more probability for the bullish trade.

Don't rush in to trade if it gap up on Monday let it get settled for 15-20 minute.

I hope my ideas are helping you to understand price action and levels.

Do comment if you have doubt/suggestion.