BAJAJFINSV Analysis(Double Bottom)!

Avinash9087 Updated   
BAJAJFINSV Daily Analysis!
Double Bottom Pattern Formation and Breakout in BAJAJFINSV!
RSI Divergence in BAJAJFINSV!
Double Bottom Pattern analysis with RSI Divergence

BAJAJFINSV has made Double Bottom Pattern on a daily timeframe it has given a breakout to the neck level and retested it's support level at the neckline only. If we see the RSI we can see the clear Divergence, while price making falling bottoms RSI making Rising Bottoms. We can expect price to move in the upward direction.

Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 1393.90
Targets = 1) 1486.40 3) 1570.35 3) 1665.25

Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital

Trade active:
Target 1 has been reached Yesterday!
Trade active:
Gap up and Target 2 has been Reached! Trading near to Target 3
Trade closed: target reached:
Reached on 25th July
Entry = 1465, Exit = 1665, Gain = 200rs
%Gain = 200/1465*100 = 13.65%

Avinash K.

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