BAJAJFINSV -- On raise - Need to wait
BAJAJFINSV -- On raise
From a long-term investment point of view - RSI is rising on Weekly and Monthly.
Also stock is trading above most of the moving averages on D/W/M time frames.
As we can see on the Weekly time frame - forming a triangle pattern and waiting for 1741 level to take out and sustain before entry.
We can back to Back for two weeks - 1741 is high and not able to sustain this level.
During the March time frame also - we can see, stock tries to break out on the downside and bounce back from 1230-40 levels.
If already entered this during the past two weeks with upside momentum --- wait for 1741 to take out and then, we can add more.
And in any case, the breakout on the downside of the triangle will be our stop loss.
Another view :
Another view on Daily Time frame :
Market Profiling View on Weekly Time frame
From a long-term investment point of view - RSI is rising on Weekly and Monthly.
Also stock is trading above most of the moving averages on D/W/M time frames.
As we can see on the Weekly time frame - forming a triangle pattern and waiting for 1741 level to take out and sustain before entry.
We can back to Back for two weeks - 1741 is high and not able to sustain this level.
During the March time frame also - we can see, stock tries to break out on the downside and bounce back from 1230-40 levels.
If already entered this during the past two weeks with upside momentum --- wait for 1741 to take out and then, we can add more.
And in any case, the breakout on the downside of the triangle will be our stop loss.
Another view :
Another view on Daily Time frame :
Market Profiling View on Weekly Time frame
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