BAJAJ FINSERV BULLISH TECHNICAL ANALYSIS
BAJAJ FINSERV strongly bullish based on technical analysis for 2 reasons -
1. Weekly RSI crossing 60.
2. Daily price closing above upper BB level.
My entry point would be at the CMP of 1635. My stop loss at entry point would be at 5% less at 1553. I will be operating with trailing stop loss.
1st Target Price - 10% high at 1800 level
2nd Target Price - Swing high
(Although I am from the school of thought that market will tell me the targets)
1. Weekly RSI crossing 60.
2. Daily price closing above upper BB level.
My entry point would be at the CMP of 1635. My stop loss at entry point would be at 5% less at 1553. I will be operating with trailing stop loss.
1st Target Price - 10% high at 1800 level
2nd Target Price - Swing high
(Although I am from the school of thought that market will tell me the targets)
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