Structural Transformation in BAJAJ FINANCE

Hi
BAJF took support near 1967 level and is forming higher lows and higher highs. It might taste 2453 again and then 2580. A closing above 2600 will take the stock to 2650, 2760 and 2870.
The 2233 low is still a potential higher low and will be confirmed above 2475.

Regards

Kommentera:

BAJF is trying to reach our first Target near 2450. If it manages to sustain above this level, I ll look for 30 more points to be added up in this trade.

The level 2344 is a decent level to put trailing stop for short term swing positions.

Kommentera:

U ll see a spike above 2475 only, due to short covering and breakout traders. Could plan some profit booking in such case.

Trade stängt: målet nått:

T1 2453 reached.

Kommentera:

2344 trail was a nice level to fetch demand.
Above 2455 it LL have room to add 20 point.

Trade stängt: målet nått:

2480 T2 hit. Trade closed.

Kommentera:

Indices are overextended in various aspects. It's cool bank some cash.