This one is move up weak and as a corrective move , structurally i see it as a leading diagonal and i am not convinced that its coming down fast , it has high probability of move up side before it makes impulsive move down , Buying for this up move is bad idea to those who do not know how to mange the trade
One can wait for completion of this pattern and can ...
As per my wave analysis, a possible buy zone is developing with the current price movements for a nice big UP move. Don't miss it.
This is not a trade signal, this is a forecast only.
Only on getting a good reversal sign and on confirmation, i will buy from this zone. But i am prepared for it now.. So let' s see.
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 ...