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Deepak_dc93

BAJAJFINSV Buy signal at 5862 , Forming rectangle pattern

Long
BAJAJ FINSERV LTD (NSE:BAJAJFINSV)  
Deepak_dc93 Updated   
NSE:BAJAJFINSV   BAJAJ FINSERV LTD
Trend Analysis Support and Resistance Supply and Demand stocktrading stockmarketanalysis stockstrading stockstowatch equitytrading equityanalysis BAJAJFINSV NIFTY
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trendanalysis supportandresistance supplyanddemand stocktrading stockmarketanalysis stockstrading stockstowatch equitytrading equityanalysis bajajfinsv nifty
I will go LONG on BAJAJFINSV because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .

Entry - 5862
Target - 6685
Stop loss - 5492
Trade closed: target reached:
56% profit 9176 from 5862
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