BAJAJ FINANCE POTENTIAL HEAD AND SHOULDERS BUY OPPORTUNITY
BAJAJ FINANCE STOCK MAY FORM POTENTIAL HEAD AND SHOULDERS FORMATION ON H-1 CHART. IF OUR PREDICTION IS RIGHT THE CHART HAS FORMED NECK LINE OF THE HEAD AND SHOULDERS PATTERN. AGGRESSIVE TRADERS SHOULD PREDICT AND LOOK FOR ENTER LONG AROUND RIGHT SHOULDER (INR 1865 TO 1845 RANGE). WHERE AS CONSERVATIVE TRADERS SHOULD WAIT FOR CONFIRMATION OF FORMATION TILL IT FORMS RIGHT SHOULDER AND BREAKS THE NECK LINE, THAN THEY HAVE TWO OPTION TO ENTER LONG
1) AGGRESSIVE ENTRY LONG AT BREAK OF THE NECK LINE (INR 1932 TO 1935 RANGE) OR
2) WAIT FOR CHART TO BREAK UP SIDE THE NECK LINE AND ENTER AT RETEST OF THAT NECK LINE (INR 1932 TO 1920 RANGE)
BUY ENTRY: INR 1865 TO 1845 (AGGRESSIVE ENTRY AT RIGHT SHOULDER)
STOP LOSS: INR 1780 (BELOW HEAD)
TARGET-1: INR 1932 (RETEST OF NECK LINE)
TARGET-2: INR 2060 (MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION)
1) AGGRESSIVE ENTRY LONG AT BREAK OF THE NECK LINE (INR 1932 TO 1935 RANGE) OR
2) WAIT FOR CHART TO BREAK UP SIDE THE NECK LINE AND ENTER AT RETEST OF THAT NECK LINE (INR 1932 TO 1920 RANGE)
BUY ENTRY: INR 1865 TO 1845 (AGGRESSIVE ENTRY AT RIGHT SHOULDER)
STOP LOSS: INR 1780 (BELOW HEAD)
TARGET-1: INR 1932 (RETEST OF NECK LINE)
TARGET-2: INR 2060 (MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION)
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