Hello friends I am sharing the weekly chart of Bajaj Finserv and it seems that is trading in a Symmetrical Triangle pattern nowadays with taking a resistance on upper line of triangle and support from the lower line of support mentioned on that triangle so what we can do after a Breakout Or breakdown happen or Until the for this I am sharing the ideas below.
BREAKOUT BREAKDOWN-:
BREAKOUT IDEA-: If it will break the Resistance of that triangle we can go for long for the target of 1800 zones which is near about the next resistance.
BREAKDOWN IDEA--: If it will break the Support of the Triangle we can go for a short for the target of 1100 zones which is nearly about the next support.
TARGETS-:
IDEA FOR PRESENT SITUATION-: Until then it gives a breakout or breakdown for a directional trade we trade on a Buy on support sell on resistance or sell on resistance buy on resistance strategy.
SUPPORT RESISTANCE PLAYING-:
Mine believe- Given time for waiting the maturity of trade it will never vain at the end you will come out with learnings.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
BREAKOUT BREAKDOWN-:
BREAKOUT IDEA-: If it will break the Resistance of that triangle we can go for long for the target of 1800 zones which is near about the next resistance.
BREAKDOWN IDEA--: If it will break the Support of the Triangle we can go for a short for the target of 1100 zones which is nearly about the next support.
TARGETS-:
IDEA FOR PRESENT SITUATION-: Until then it gives a breakout or breakdown for a directional trade we trade on a Buy on support sell on resistance or sell on resistance buy on resistance strategy.
SUPPORT RESISTANCE PLAYING-:
Mine believe- Given time for waiting the maturity of trade it will never vain at the end you will come out with learnings.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
Comment:
GAINING GOOD FOR SUPPORT RESISTANCE PLAYERS
Trade active:
GAINING GOOD REACHED 1432 FROM 1337 FOR SUPPORT AND RESISTANCE PLAYERS
Comment:
LONG SUPPORT BREKDOWN
Comment:
KEEP A WATCH FOR COMING WEEK🤝✌️