bajaj finance is in a downtrend from longtime
but the first time it has crossed a lower high and didn't make the lower bottom
it has bounced from the trendline...trendline is less reliable but I would take sl as closing below it on a daily basis
target 6497 and 6695
risk 7% reward 10%
not favorable from risk reward point of view but sometimes as trader we take these risk
keep position sizing in check
buy right sit tight
wealth generation means longterm
but the first time it has crossed a lower high and didn't make the lower bottom
it has bounced from the trendline...trendline is less reliable but I would take sl as closing below it on a daily basis
target 6497 and 6695
risk 7% reward 10%
not favorable from risk reward point of view but sometimes as trader we take these risk
keep position sizing in check
buy right sit tight
wealth generation means longterm
Comment:
sl now 6140 on closing basis
Comment:
sl now 6445 and wait for target i want to book full at 6497
i am booking 50% and will wait with 6400 sl for target of 6695
i am booking 50% and will wait with 6400 sl for target of 6695
Trade active:
first target achieved now sitting with tight sl for second target
Trade closed: stop reached