Joel-Jose

Bajaj Finsv - Hourly Chart clear Price Action Breakdown

NSE:BAJAJFINSV   BAJAJ FINSERV LTD
NSE:BAJAJFINSV

Price broke out and started with an upside Trend in the month of June. Then price started Consolidating forming a chart pattern and then gave a breakout. June 22 Price started forming a downward channel and again after breakout continued the upside trend.
Currently, Price is moving between the range of A and B. Results are expected on 21st depending on the breakout of point A or Point B. one can initiate the Trade.

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Comment: Price is at resistance may give out a fresh breakout. Also, daily close candle is strong with a wide range candle body. Result day - Trade cautiously
Comment: Price did not breakout. if price holds point B will re- enter.

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