TRADE THE TREND, SUPPORT AND RESISTANCE DRAWN FOR TARGETS AND STOP LOSSES.
Note: This is for educational purpose only. There seems to be a build up near resistance which ideally means that bears are unable to push the price down and bulls are taking charge. Moreover, there is a spike in buying volume which enforces this build up. I am expecting a bullish breakout in BAJAJ FINSV.
Fibonacci Retracement point already reached of 9671.25 Seems to be bullish for next month February Series also !! Entry :- 9930 Stop Loss :- 9880 Target :- 10010
Bajaj Finserv looks good for around 5-7% upside gain. Pattern “cup” breakout with very good volume, RSI also showing good strength. Let’s see.. Please study before taking any action, this is just to record my personal trades..
bajfin short sell setup ( on recovery )
fundamental lead to technical rally and not vie versa
these are not a recommendation but my way of taking a trade . will like to go short on he stock with stop loss 1965 or depend on the conditions . can trail stop loss if necessary!