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skbharathi
Mar 18, 2017 6:55 PM

Bajajfinance-TL Breakout Long

NSE:BAJFINANCE1W
BAJAJ FINANCE LTDNSE

Description

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Bajaj finance on weekly chart indicating a TL breakout with a big white candle. Can it move further up?

Trade active

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Though it is sustaining above the TL, the stock is facing resistance near 1190.f

Trade active

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price successfully crossed the previous high. Up move likely to continue
Comments
dravya
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Nice setup :)
skbharathi
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@dravya, Thanks for your valuable feedback boss :-)
dravya
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@skbharathi, If you'd like feedback; I'd also tell you that you're not seeing the triple top it has formed which might be a hindrance.
skbharathi
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@dravya, Oh ok. Just seeing in that view, will take that into consideration boss
dravya
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@skbharathi, Yeah, tell if you see it . and then what you think :)
skbharathi
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@dravya, I couldnt spot the triple top. Kindly clarify which zones the triple top has formed
dravya
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@skbharathi, Move your cursor to inverted hammer of 1-8-16. You'll spot it in the crosshair.
skbharathi
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@dravya, bingo it has stalled exactly at the triple top you mentioned. Tks for pointing it out :-)
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