Intraday trade in Bajaj Finserv 05/03/24.

4 Mar

Bajaj finserv has tested the upper resistance levels and there are chance of it giving a break out.

An intraday bullish trade can be captured in the stock.

If there is a gap up opening and price is around 1625-30, with a strict stop loss around 1615-20 an entry can be made.

Target levels :- 1647, 1660.

If the Cup and handle formation pattern follows up, Stop loss can be trailed with atleast 1675 as final targets.

Wait for the price to sustain above the resistance zone. Watch the movement in the indices to correlate.

Price action must be watched around the levels and trade accordingly.