Bajfinancetrade
Bajaj Finance- All time high Positional Trade (June series)Bajaj Finance is near to its All time high .
Traders can take short position once the Triangle pattern got broken for Targets of minimum 400 points.
We can execute Long if the price manages to close above the All time hig h in 2 hrs candle.
Use RSI trendline breakout for double confirmation of your trend.
Kindly share your valuable thoughts..
Disclaimer: This view is for educational purposes only. Please consult your advisor before taking any trade.
Bajaj Finance - Positional tradeExecute Long if the Trend line breakout happen in RSI and Price chart with 15 mins candle close for a Target of Minimum 80 points.
Execute Short if the RSI and price chart break the trendline in downside with 15 mins candle close for a minimum target of 50 points.
Stock has 5450 strong support and it shows some bullish indications.
Kindly share your valuable feedback.
Disclaimer: Consult your advisor or do your own analysis before taking any trade. This view is for educational purposes only.
As expected,The beginning of uptrend is started in Bajaj FinanceNSE:BAJFINANCE
Hi Traders,
As expected in previous idea ( "Bajaj Finance Long" ), Stock has broken resistance line and start moving in upward direction.
There is a possibility of temporary retracement to suggested resistance line (3523). If so, you can open new orders based on price action.
Stock Analysis
* Stock was in a range and developing higher high and lower low pattern between this range with support of trend line.
* It could not give closing above 3523. Today it has broken resistance line (3523).
* The beginning of uptrend is started.
Buy Level
3330 (Given in previous idea)
Target Level
TP1= 3821
TP2= 3983
TP3= 4244
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