BAJAJFINSV Analysis(Double Bottom)!
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BAJAJFINSV ANALYSIS!BAJAJFINSV Daily Analysis!
Double Bottom Pattern Formation and Breakout in BAJAJFINSV!
RSI Divergence in BAJAJFINSV!
Double Bottom Pattern analysis with RSI Divergence
BAJAJFINSV has made Double Bottom Pattern on a daily timeframe it has given a breakout to the neck level and retested it's support level at the neckline only. If we see the RSI we can see the clear Divergence, while price making falling bottoms RSI making Rising Bottoms. We can expect price to move in the upward direction.
Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 1393.90
Targets = 1) 1486.40 3) 1570.35 3) 1665.25
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
Transaction en cours
Target 1 has been reached Yesterday!Transaction en cours
Gap up and Target 2 has been Reached! Trading near to Target 3Trade fermée: cible de profit atteinte
Reached on 25th JulyNote
Entry = 1465, Exit = 1665, Gain = 200rs%Gain = 200/1465*100 = 13.65%
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