Short Bajajfinsv Below 5550
Target 1: 5160
Target 2: 4955
Risk 3.50% & Reward 10.75 %
RR Ratio - 1: 3
RR is Calculated on 2nd Target.
Reversal or Continuation Pattern
Prices are moving upward, forming higher highs and higher lows, but the price is confined within two lines which get closer together to create a pattern. This...
BAJAJFINSV broke out of the Yellow channel and Green wedge.
Theoretically, it should retest the breakout level .
A retest of green Wedge or yellow channel is possible.
Or just that it will breakout of previous high candle wihout retesting for now.
in daily, price broke out of congestion area with good volume,
also price broke out of horizontal resistance with good volume and BB is expanding .
sl - 4265, 1st tgt - 4630, once price goes to all time high , it ll be quite bullish