BAJAJ ELECT.LTDLong
BAJAJELEC :: LONG Setup
Buy Zone :: below 1080
and/or above 1130 (price should sustain / retrace this 1130+ level)
StopLoss :: 1010
Use the Resistance Zones (Red boxes) as targets
Reasons for increased probability::
----------------------------------------------
-- increase in volumes below 1150 levels.
-- Price brokeout the bearish resistance Trendline and good Demand Wicks seen last few sessions.
-- Bearish momentum broke out in RSI as well
/**
Caution : Prefer allocating <10% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
and/or above 1130 (price should sustain / retrace this 1130+ level)
StopLoss :: 1010
Use the Resistance Zones (Red boxes) as targets
Reasons for increased probability::
----------------------------------------------
-- increase in volumes below 1150 levels.
-- Price brokeout the bearish resistance Trendline and good Demand Wicks seen last few sessions.
-- Bearish momentum broke out in RSI as well
/**
Caution : Prefer allocating <10% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
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