rishiguy

BAJAJFINSV BREAKOUT LONG.

Long
NSE:BAJAJFINSV   BAJAJ FINSERV LTD
BAJAJFINSV is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback.
A long trade can be initiated on the daily timeframe . Enter only when price sustains above the entry level for 15 minutes.

LONG ABOVE : 12200
SL : 11776
TGT 1 : 12624
TGT 2 : 13000

Another option could be to wait for a pullback on a smaller timeframe after the initial breakout and then enter on continuation.
Trade active: Keep watch, price breaking out above 12200.
Trade active: Needs to break 12520 to reach target 1.
Trade closed: stop reached: Stop Loss reached at 11776.
Trade closed: target reached: Re entry was triggered on close above 12200 on 07-07-21, target 1 reached at 12624.
Trade closed: target reached: Target 2 reached at 12998 (about 13000) on 13-07-21.

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