BAJFINANCE - #intraday Chart Analysis || 16th May,2023 #stocks

16. Mai 2023

Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 16th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups

Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it

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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED

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16. Mai 2023

Trade wurde manuell geschlossen

Traded for Intraday Today (16th May, 2023)

BAJFINANCE (5min TF)
- Intraday Entry Given on 16th May (Monday)

Entered Long at 9:25pm
✓ Achieved 1.3%
✓ R:R = 1 : 4

✓ Since yesterday the stock was in consoldation & I according to the charts it was clear that once the Resistance box was broken towards the topside, it was a clear entry for Long
✓ Hence, I placed the Long entry at the top of the Reistance with SL below the box
✓ Target was 1:5, but closed with 1:4

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