Bajfinance has now broken the flag and again going to test the important level of 2450. It seems to bullish to us as it has broken a flag and trading above 2370. One can take long position around 2390-2400 with Stop Loss being below 2362 for upside targets of 2750 as shown on chart.
If it has to reverse, then it might reverse from 2418-2450 level. Hence if one is going long, keep strict SL and trail it.
If it has to reverse, then it might reverse from 2418-2450 level. Hence if one is going long, keep strict SL and trail it.
Comment:
Price Action trader must give value to levels. As explained, we shorted at 2418 as went up early and now have excellent opportunity to go long near stop loss. Just have patience and grab the opportunity
Trade active:
We have booked our half position today at 2620.