BAJAJFINSV BREAKOUT LONG.
Updated
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.
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.Please hit a like if you liked the idea. :)
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