BAJFINANCE trade ideas
BAJAJ FINANCE 15M (27 MARCH 2023)NSE:BAJFINANCE
Formation of inverse cup & handle pattern in
bajaj finance.can short below 5481 after retracement.
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
DISCLAIMER- We are not a SEBI registered advisor.this is only for educational purpose. before taking trade take advice from your financial advisor.We will not be responsible for your profit and loss.
Lovely Follower OF TAhi dear @Charan08
Sorry It was Harsh Description for you So I Deleted that but this all I can see in this Chart,
Pure Downtrend For me , NO change As of now.
ALL THE VERY BEST.
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BAJAJ FINANCE Cup and handle pattern Bajaj finance
Cup and handle pattern
SL is on 5820
Entry is at 5690
Target is at 5260
technical analysis and is for educational purposes.
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Disclaimer
I am not sebi registered analyst My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
bajaj finnace preemting reversalbajaj finance is in a downtrend from longtime
but the first time it has crossed a lower high and didn't make the lower bottom
it has bounced from the trendline...trendline is less reliable but I would take sl as closing below it on a daily basis
target 6497 and 6695
risk 7% reward 10%
not favorable from risk reward point of view but sometimes as trader we take these risk
keep position sizing in check
buy right sit tight
wealth generation means longterm