FLAGbajajfinserve broke out of flag pattern on daily charts with good OI addition.
Could b bought with mentioned stoploss & target.
BAJAJFINSV1! trade ideas
BAJAJFINSERVEBAJAJFINSERVE fut about to break out of an flag pattern on an hourly charts with decrease in OI suggesting further short covering which ll help lead to our targer.
Could be bought with mentioned stoploss & target.
BAJAJFINSVBAJAJFINSV: Doji at monthly timeframe. It means kuch toh bada hone wala hai... Doji ka high cut hote hi doji ka low SL leke baith jao...
Bajajfinsrve , confirmation good RR (1:4)shortBajajfinsrve , confirmation good RR (1:4)short
cmall zone, so is my only confusion
BAJAJFINSV1!29-11
Daily chart of BAJAJFINSV1!
LTP: 1645.15
Trendline (200 EMA) is bullish. Manual trend is sideways.
The first look pattern is similar to a bullish continuation flag.
Support is at 1517.15 (manual) and 1561.35 (200 EMA)
Multiple resistances at 1719.15 & 1774.50
RSI is below 50 and the arrangement is bearish as well.
First rule of trading is that one should never trade against the trend. Here, when the trend is bullish, our strategy should be buy on dips.
Keeping in mind that the RSI is bearish, we will wait for RSI to get in the oversold zone or closer and wait for a bullish reversal to enter into long positions for trading.
My idea is to buy between 1550 & 1575 with an SL of 1500 for targets of 1700++
#BAJAJFINSERV possible to buy#BAJAJFINSERV trading 17040 formed bullish pattern,
yesterday trading break out our retracement level,
we can buy above 17258 and tgt for 17500,
positional tgt 17800 and
follow SL 16950 closing basis
