Umang_Sharma

BAJAJFINANCE: Analysis

Long
NSE:BAJFINANCE   BAJAJ FINANCE LTD
Keep an eye on Bajaj Finance it is going to breakout soon (Possibility of an Up trend).
.
Reason to buy:
1) Triangle breakout.
2) Taking support on previous breakout levels.
.
Best place to buy is at a retracement levels of 3429.95. Stop loss will be at previous immediate swing levels.
.
Calculate your RR ratio and take the trade.
Comment: Still waiting
Comment: Missed this opportunity for a quick profit. Still waiting for a good entry point.

Comments

Sir,closing inside the trendline...can we say fake breakout today..what are chances for future sessions
+1 Reply
@abjn2308, Breakout is not a break out without volume.
So, yes in a sense it was a fake breakout. Move my trend line on todays high as well. For reference check my balkrishna industry trade, ull get to know more.
Reply
abjn2308 Umang_Sharma
@Umang_Sharma, thanks sir
Reply
@abjn2308, Anytime 🙂
Reply
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