Bajaj Finserv: Stuck b/w 50 & 200EMA
Knowledge of Trend is important:-
Higher Timeframe (Weekly) Trend - Still Red
Current Timeframe (Daily) Trend - Green
Stock is currently stuck between 50EMA & 200EMA. It still faces some resistance from 200EMA, which is @ 6611 currently (not so far). Once that is breached, the stock should go up faster.
Note: It gave a wonderful 'Fake breakdown reversal' @ 4400.
Entry - once stock crosses 200EMA i.e. 6611 currently
Stop Loss - 6200
Target - Trail with 30EMA or 50EMA
Higher Timeframe (Weekly) Trend - Still Red
Current Timeframe (Daily) Trend - Green
Stock is currently stuck between 50EMA & 200EMA. It still faces some resistance from 200EMA, which is @ 6611 currently (not so far). Once that is breached, the stock should go up faster.
Note: It gave a wonderful 'Fake breakdown reversal' @ 4400.
Entry - once stock crosses 200EMA i.e. 6611 currently
Stop Loss - 6200
Target - Trail with 30EMA or 50EMA
Pro-Setups is meant for Swing and Positional Trading. It is a combination of scripts on TradingView, and a screener Dashboard on web. Whatever you scan on Dashboard, you can see the same on your charts.
For details, please visit pro-setups.com
For details, please visit pro-setups.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pro-Setups is meant for Swing and Positional Trading. It is a combination of scripts on TradingView, and a screener Dashboard on web. Whatever you scan on Dashboard, you can see the same on your charts.
For details, please visit pro-setups.com
For details, please visit pro-setups.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.