Bullish reversal on weekly chart in bajaj finsv
On weekly chart, the following is
observed :-
1. MACD reversal seen just from the centre line which is sign of reversal.
2. RSI seen bullish at 52 on weekly chart.
3. Stock moved after a long time, positive momentum with short covering in Mar series.
4. 1640 hurdel crossed with great bullish candle.
So, one can make positions in 1640 CE Apr series available at 44 or 1680 CE @ 36. Upcoming target for the stock will be 1700 and 1740 in Apr series.
observed :-
1. MACD reversal seen just from the centre line which is sign of reversal.
2. RSI seen bullish at 52 on weekly chart.
3. Stock moved after a long time, positive momentum with short covering in Mar series.
4. 1640 hurdel crossed with great bullish candle.
So, one can make positions in 1640 CE Apr series available at 44 or 1680 CE @ 36. Upcoming target for the stock will be 1700 and 1740 in Apr series.