Trading_hawk

BAJFINANCE | WHAT NEXT ?

NSE:BAJFINANCE   BAJAJ FINANCE LTD
NSE:BAJFINANCE

Please refer below daily chart for BAJFINANCE .

1) I can see 7486 level in short term, only if it maintains to stay above 6750 level then it will be sure buy trade. Then any dip above 6750 level will be buy opportunity.

2) Only one negative thing is that on daily chart RSI suggest 78.79 which is almost near to 80 and it can be consider as over bought. So I can expect profit booking and consolidation in coming days.

3) Any safe buy entry it will be better to let it get retraced/consolidated and don't have FOMO.

4) Another buy entry can be made only if it trades above today's closing and quick target can be today's high.

5) If you are looking to invest and hold for mid to long term then you can buy it with 50% of your planned capital at CMP and then another with 50% of your planned capital once it give dip above 6750 level.

Please refer below chart.
Trade closed: target reached

Comments

Trading above ultimate level 7486 now.
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