Anand7

BAJAJ FINANCE has clearly broken all time high, HOW TO TRADE ?

Long
NSE:BAJFINANCE   BAJAJ FINANCE LTD
Now Bajaj Finance has clearly broken all time high levels. If you see it has very nicely followed the Fibonacci levels in the last rally from the bottom to all time high. Now is it starting another leg of the rally. It took exactly 255 daily candles for it to reach here with the ups and downs. Plotting 255 days to the right takes us to 2nd June 2022, when it should reach the targets which we have arrived at using multiple tools. One is Short Term and Another long term. One can buy now,, it should reach the 1st resistance as per fibinacci and then retrace a bit, later one can keep adding at the retracement towards the 21 EMA or little below it, or near the long term trendline. It is clearly respecting that and gives us a chance to enter with a very good Risk Reward (RR). It should be respecting that in this next leg up.
Hope it helps you learn something along with me. This is purely for learning and not financial advice.
Comment: try seeing this in weekly as well if using for the final targets, This idea/trading plan can be used for both short term swing as well as long term investment/trading as per your own.
Trade closed: stop reached: Stop Loss reached, But It can be reentered if break ATH again or can be accumulated at the trendline below.

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