BAJFINANCE
is consolidating in a rising wedge pattern after giving a breakout from flag pattern. Price may potentially breakdown from this pattern and retrace as it has already given excellent momentum in the last week.
Be sure to add quantity after the momentum of breakdown fades away.
On the contrary, price can take big support from the bottom and breakout from this pattern - another opportunity to add more.
Regardless of your holding in this stock, you can short the futures market if a breakdown follows and then add more quantity in cash market.
Position size accordingly. HAPPY TRADING!
Trade active:
100 points captured in futures shot. Green in cash market.
