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hustlecircuit
May 28, 2020 3:38 PM

Chances of Breakout  Long

BAJAJ FINANCE LTDNSE

Description

As you can see from the patterns, Stock is in Consolidation phase.

On the top of that it is forming a Ascending Rectangle Pattern.
Since VWAP is also around,a buying oppurtunity could occur if its above the Resistance and also the VWAP.

Whenever the price is in consolidation , there will always be a strong momentum towards one direction.

Would go for Long oppurtunity above 1981

If seller take control of the market,would prefer selling if support breaks.
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