Long on BAJF

19 июл. 2020 г.

A Flag pattern has been observed in Bajaj Finance. The stock is in very bullish trend and will continue to do so because of strong fundamentals.
On the other hand all the technical indicators suggest a long position. Long above 3350.
Target 1: 3419
Target 2: 3500
Stop Loss: 3300
Something to pay attention: Results round the corner. A positive result will send stock to 4000 before next quarter. Negative however will keep the stock sideways.

20 июл. 2020 г.

Сделка активна

20 июл. 2020 г.

Сделка закрыта: достигнута тейк-профит цена

Target 1 Reached. Closed at 3434.

21 июл. 2020 г.

Заметка

T2 reached as well. But it acted as immediate resistance and led to huge sell off.

23 авг. 2020 г.

Заметка

Targets breached on fake breakouts. Booked profits due to my conservative approach. Also as the stock was acing up every week, results were supposed to outperform to justify the move which did not happen, hence stock went into a consolidation phase.