The_RedTicker

BAJFINANCE an update on Targets... by The_RedTicker

Long
NSE:BAJFINANCE   BAJAJ FINANCE LTD
So, its way beyond the expected swing targets. Now looks like the pattern targets too are possible. (level marked on chart)

I really dont expect a straight upmove henceforth, but if at all it has to give the pattern targets, it should not re-enter the channel. So that can be a good sl.

newcomers should book full right away.....traders with experience should look for great rewards to risk with a TSL

#The_RedTicker
*Not a fresh setup
Trade closed: target reached: Dah-Dah-Duhhhhhhh...

Comments

Hi
I am long in Bajaj finance
at 7040 next month Futures,
can I hold?
Reply
tksthathachari sandeep744
@sandeep744, Is your buying price 7040?
Reply
Yes
sir
Reply
The_RedTicker sandeep744
@sandeep744, If I was in your place, I would have booked out.
Reply
The_RedTicker sandeep744
@sandeep744, apologies for the late reply, I was traveling (inter-state).
Reply
The_RedTicker sandeep744
@sandeep744, Its not like suddenly I am bearish on this chart. just that fresh entry has an absurd risk to reward. Makes no sense to me.
so fresh entry on a dip is good....but if some news hits the markets, then this very trade of yours will kill your Funds.
Reply
The_RedTicker The_RedTicker
@The_RedTicker, while those who entered 6300 (cash) they wont even care about a minor dip.
Reply
The_RedTicker sandeep744
@sandeep744, as such my expectation is of a next up-swing by tomorrow.
Reply