SUPPORT IN THE RANGE HAS BEEN HELD UP FOR THE LAST 2 WEEKS . A BREAKOUT CAN BE SEEN IN THE COMING DAYS. VOLATILITY CONTRACTION PATTERN CAN BE SEEN AT THESE LEVELS. LONG AT THESE LEVELS WITH COMFORTABLE STOPLOSS WILL GIVE GOOD PROFITS IN THE COMING WEEKS. BY ANALYSING THE VOLUMES WE CAN SEE THAT THE AVERAGE VOLUME OVER THE LAST FEW WEEEKS HAS BEEN ABOVE AVERAGE. A...
With increasing volumes in Bajajfinance the stock has formed a lower high in the previous week.
The precious swing high would be the stoploss for positional traders.
Target would be around 1500.. Better to trail your profits than to have specific profit in your system.
Nifty also testing resistance it makes sense to go heavy as this builds confluence in the trade.