Long

BAJAJ FINANCE PRICE ACTION SETUP 🔥

Updated

is consolidating in a falling channel pattern and price is currently at the upper channel.

Huge momentum candle formed today suggest price will break out tomorrow from the pattern. Risky traders can enter tomorrow if price opens gapup or breaks day's high to catch the breakout move.

Price is also at 30 week EMA support✅

Safe traders wait for breakout+ retest.

IF BREAKOUT HAPPENS and price sustains above 7500, after some retracement, targets extend to 8500/9000/10000.

Stop loss to be placed below the channel (below 6480).

Trade active

Price opened gap up and broke out of the pattern. Safe traders can enter now and at the retrace.

Note

Excellent momentum buildup, up 4%!. Don't forget to add more after dips.

PriceActionSpotter

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.