Support & Resistance
Updated
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Financial sector will be weaker in near term, Although if you remain stock specific you can gain some short term benefit.
Here is an example of Bajaj Finance Ltd. One of the leading NBFCs. Price has break upper band of the Wedge pattern and RSI + MACD is giving Bullish indications.
When ever The price has come to the Demand zone it has shown Bullish reversal. I have Analyse Short term Up and Down Side. With RSI showing strength near term looks bullish and Targets can be achievable. But should exit before price reaches to the ultimate strong resistance from the past. There is not much to loose for an investor although price moves a little down because demand zone has prove that there will be a reversal at the level shown on the chart. Low Risk High return.
Thanks.
Financial sector will be weaker in near term, Although if you remain stock specific you can gain some short term benefit.
Here is an example of Bajaj Finance Ltd. One of the leading NBFCs. Price has break upper band of the Wedge pattern and RSI + MACD is giving Bullish indications.
When ever The price has come to the Demand zone it has shown Bullish reversal. I have Analyse Short term Up and Down Side. With RSI showing strength near term looks bullish and Targets can be achievable. But should exit before price reaches to the ultimate strong resistance from the past. There is not much to loose for an investor although price moves a little down because demand zone has prove that there will be a reversal at the level shown on the chart. Low Risk High return.
Thanks.
Trade active
Hey Guys, First Target Has been achieved, Book some profit and accumulate holding. wait for some correction. Thanks for support.
Trade closed: target reached
Hey Guys, Second Target hit and you can clearly see reversal from high point. Book profit if you are still invested, be careful as we are near monthly expiry.Disclaimer
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