Bajaj Fin Serv - Retracement and Reversal
1. No Retracement: Buy on Green. Sell on Red.
2. Single Level Retracement: Buy on Green. Sell on Red.
[Gray between Greens] are Retracement of an UpTrend and [Gray between Reds] are Retracement of a DownTrend.
[Red - Gray - Green] is Reversal from DownTrend to UpTrend and [Green - Gray - Red] is Reversal from UpTrend to DownTrend.
3. Multiple Level Retracement: Buy on Green. Sell on Red.
For High risk Traders:
In an UpTrend Light Green is an Early Sell.
In a DownTrend Light Green is an Early Buy.
Retracement and Reversal Visual Indicator "Never Predicts". It indicates the following:
1. "Is Rising" (Greens)
2. "Is Falling" (Reds)
3. "Is Retracing in an UpTrend or DownTrend" (Grays)
4. "Is Reversing after a UpTrend or DownTrend" (Green-Gray-Red or Red-Gray-Green)
See more details at
2. Single Level Retracement: Buy on Green. Sell on Red.
[Gray between Greens] are Retracement of an UpTrend and [Gray between Reds] are Retracement of a DownTrend.
[Red - Gray - Green] is Reversal from DownTrend to UpTrend and [Green - Gray - Red] is Reversal from UpTrend to DownTrend.
3. Multiple Level Retracement: Buy on Green. Sell on Red.
For High risk Traders:
In an UpTrend Light Green is an Early Sell.
In a DownTrend Light Green is an Early Buy.
Retracement and Reversal Visual Indicator "Never Predicts". It indicates the following:
1. "Is Rising" (Greens)
2. "Is Falling" (Reds)
3. "Is Retracing in an UpTrend or DownTrend" (Grays)
4. "Is Reversing after a UpTrend or DownTrend" (Green-Gray-Red or Red-Gray-Green)
See more details at
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.