W Pattern Breakout Setup on 15-Min Chart

29 Apr

📊 Script: BAJAJ FINSERV LTD. (NSE)
⏱️ Timeframe: 15-Minutes
📌 Chart Pattern: W-Pattern Formation

A potential bullish W-pattern is forming on the 15-minute chart of Bajaj Finserv. The price is consolidating near the neckline, indicating a possible breakout move in the upcoming sessions.

Key Levels:
✅ Breakout Resistance: 2,094.80
⚠️ Support Zone: 2,028.80
💼 Current Price: 2,063.70

If the price sustains above 2,094.80 with volume confirmation, it could trigger a short-term upward rally. The structure shows healthy consolidation and buying interest around support, which adds strength to this setup.

Trade Plan (For Educational Purposes):
📈 Entry: On breakout above 2,095 with strong volume
🎯 Target: ~100–150 points above breakout
🛑 Stop Loss: Below 2,028 (on a candle close basis)


Caution: Results are due so watch for possible reversal below 2028

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