BAJAJFINSV Buy signal at 5862 , Forming rectangle pattern

18 Eki 2020

I will go LONG on BAJAJFINSV because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .

Entry - 5862
Target - 6685
Stop loss - 5492

11 Ara 2020

İşlem kapandı: hedefe ulaştı

56% profit 9176 from 5862