Bajaj Finserv Will Make One More Leg Down Before Marching Upward
Updated
BAJAJ FINSERV is forming in the descending channel.
After making the all-time high of 19325, it has corrected 3000 points.
The descending channel has the highest value of 19325 and the lowest value of 16273.
It has touched nine times on the control of descending channel.
Even if the control line has provided reversal, the breakout of the control line signals continuation of the trend.
Price is occurring value area box which shows control of the supply & demand. In this area, buyers and sellers are both satisfied with this price.
If the price gives a fake-out, traders can buy on the excess area for the targets of the control line of the value area box at 17275 and up to the upper band of the value area.
After making the all-time high of 19325, it has corrected 3000 points.
The descending channel has the highest value of 19325 and the lowest value of 16273.
It has touched nine times on the control of descending channel.
Even if the control line has provided reversal, the breakout of the control line signals continuation of the trend.
Price is occurring value area box which shows control of the supply & demand. In this area, buyers and sellers are both satisfied with this price.
If the price gives a fake-out, traders can buy on the excess area for the targets of the control line of the value area box at 17275 and up to the upper band of the value area.
Note
Feel free to share your ideas and thoughts.Trade closed: target reached
TP 1: 16328Note
TP 2 : 16273Trade closed: target reached
Beautiful breakout of the channelAll target achieved.
Note
Price has entered into the channel.Note
TP 1: Control line at 17278Trade closed: target reached
TP 2: Upper BandALL TP DONE
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