Einstein15

BAJFINANCE channel Breakout

NSE:BAJFINANCE   BAJAJ FINANCE LTD
BAJFINANCE             is moving in an up channel for a while.
on the recent leg up, its flattening a bit, in a range.(and it can continue moving in a same small range even outside the channel, before it makes a move)
right now on the edge of channel for a possible breakdown./ reversal
Comment: Another Setup building up. HIT THE PLAY BUTTON
After a successful leg up , the price is testing the upper edge of the channel.
watchout for a breakout or reversal
Comment: YET A=Another setup._ HIT THE PLAY BUTTON._
AFter the breakout, its retesting the channel edge.
look for a reversal or breakDOWN from that level
Bajaj finance seems to have taken support around 1780 Einstein...

Now keeping above 1830 one can expect 1900 and then 2000
Reply
Einstein15 Manish Kumar
@Manish Kumar, Yes. a nice retest of the channel edge at 1780 before flying up. also its LEG_UP are pretty steep.so 1900 dosent seem too far.
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