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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 ...
Bajaj Fin Serv has broken out of a key level in daily timeframe .
On hourly , it has formed an engulfing pattern .
Can go long at current price.
Levels mentioned in charts .
WE SAW A AGGRESSIVE BREAKOUT TO THE UPSIDE SO NOW WE ARE WAITING FOR THE RETEST OF THE PREVIOUS ZONE FOR LONGS SO BEFORE ENTERING THE TRADE WAIT FOR THE ENTRY REASONS.
BAJAJ Fin has closed above a long term resistance, wait for it to breach the PDH then go long, with resistance line as stop loss.
PDH - 5623.8
break on anyside will trigger good move
Price action is consolidating.
Prices are ranging from 6014 - 5227. The Formation \/\ is formed. Now we have to see the final leg.
The candlesticks show a thrusting pattern on 19/10/18. Bullish signal that needs confirmation.
The bottom was tested on 19th October where a low of 5240 was made and then the stock rallied.
If close above 6200. Buy at 6201. You may buy at a retracement.
In these chaotic times for NBFC's, will be interesting to see if one of its best performers bounces from the support or breaks down.Its very close to the support.
BajajFinsv -Cmp 5660-buy for 5723,5892 SL -5607,5551
"This is totally INTRADAY call for BAJAJFINSV which will be valid only on 15/10/2018. Trade according to your risk management and capital size"
"BUY- BAJAJFINSV OCT 6100 CE"
- when the stock breaks the level of 5915
"BUY- BAJAJFINSV OCT 6200 CE"
-when the stock breaks the level of 6030
MARKET LOT: 125
TRADE TO BE CLOSED ON 15/10/2018 DON'T CARRY ANY ...
Retracement and Reversal decoding the price movement.
Watch out for 2G(with Red Dot)* and you might be the lucky one to find the Top.
Watch out for 2R(with Green Dot)* and you might be the lucky one to find the Bottom.
For more details check out ...
... Levels mentioned in chart
explanation in chart
BAJAJFINSV - Chart Analysis (19th Sep 2018) #Bat #HarmonicsPattern
Darling of the pervious correction (One of the few stocks which went up 30% plus) is at a critical short term support.
If it bounces can go long else easy short term short below support.
price bounce back from 6000lelvel good for 6months 10% return