BAJFINANCE 1D Time frame

1. Pivot Level

₹992 → key short-term pivot.

Above ₹992 → bullish bias.

Below ₹992 → bearish bias.

2. Bullish Setup (if price holds above ₹992)

Entry: Around ₹995–₹998 (after confirming bounce above pivot).

Target:

First target → ₹1,010–₹1,012

Second target → ₹1,020–₹1,025 (if momentum continues)

Stop Loss: ₹990 (just below pivot)

Risk/Reward: Good, roughly 2–3x potential vs stop.

3. Bearish Setup (if price falls below ₹992)

Entry: Around ₹990–₹988 (if close below pivot confirmed).

Target:

First target → ₹980

Second target → ₹965–₹960

Stop Loss: ₹995 (just above pivot)

Risk/Reward: Decent for short-term pullback trade.

4. Notes / Idea Logic

Why it works: ₹992 is acting as a short-term pivot — price respecting this shows strength; breaking it signals weakness.

Volume confirmation: If buying comes with strong volume → bullish; if selling is strong → bearish.

Time frame: This is mainly for 1–3 day trades on the daily chart.