Einstein15

BAJFINANCE Channel Breakout

NSE:BAJFINANCE   BAJAJ FINANCE LTD
BAJAJ FINANCE is moving in an up channel for over a month now.
Ranging in the yellow zone on this leg, and testing the edge of channel
Creating smaller range and small bodied candles,indicating a breakout soon (in any direction).
or it can continue to move between the range created. before breaking out of dashed pink lines
Also respecing the Gann Fan Levels
After adding recent bars to the chart. we can see that it has shown downside breakout, does it signal bearish trend?
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Einstein15 arkims343
@arkims343, yes, it broke out a little and retesting the edge,for a possible breakdown.
but its still holding the yellow/ pink dashed line range. and being BAJAJ FINANCE< its very much upto its nature to move right back int he channel and make a full leg up.
i'll wait for the break of either pink linesfor a confirmed direction.wont be taking huge targets but ranging within pink lines and gann levels. since it bouncing nicely in gann levels.
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Excellent presentation...well explained..!
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Einstein15 naveen_agrawal
@naveen_agrawal, Thanks Dude!
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Awesome!
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Einstein15 turtlemove
@turtlemove, Thanks!
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