BAJFINANCE - 8% potential - Triangle Pattern
BAJFINANCE has formed a triangle pattern and is about to break out soon.
For upside, it has to give 2 HRly candle close above 7420 levels, target is coming to 8000+, SL would be below 7320.
For downside, it has to give 2 HRly candle close below 7130 levels, target is coming to 6600-6550, SL would be above 7320.
Timeframe: Within a week from the time of breakout.
Note: As the trend has been on the upside, so it is most likely that the stock should give breakout on the up side, but we should be prepared for both possibilities!
For upside, it has to give 2 HRly candle close above 7420 levels, target is coming to 8000+, SL would be below 7320.
For downside, it has to give 2 HRly candle close below 7130 levels, target is coming to 6600-6550, SL would be above 7320.
Timeframe: Within a week from the time of breakout.
Note: As the trend has been on the upside, so it is most likely that the stock should give breakout on the up side, but we should be prepared for both possibilities!
Trade active
Breakdown given.Trade closed: stop reached
Price reversed back into pattern after breakdown. Looks like false breakdown.
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.
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.