Bajaj Fin has been in clean uptrend(EMA200). Crossed above pivot level today, after confirming upward move at 3rd candle, entry can be made at 3610. Expecting it to make next swing HH above/at R1 level so Target set below R1 (at previous swing HH 3756 which is also the start point of a symmetrical triangle). This symm tri is nearing its breakout. MACD used to confirm upward move when making entry.
Stop loss should be Pivot itself but keeping it lower at 3561 which is to be hit in case triangle breaks out from its lower boundary.
Stop loss should be Pivot itself but keeping it lower at 3561 which is to be hit in case triangle breaks out from its lower boundary.