Bajaj Finance: Nice Breakout, Waiting For Follow Through
Bajaj Finance has been one of the relative outperformers in comparison to the Nifty 50 Index. After a period of consolidation, the price registered a breakout yesterday with huge trading volume. I am watching this stock with interest and looking for clues as to the nature of this breakout. One possibility is that the breakout is an "upthrust" and price could then quickly drift back into the trading range. The other possibility is a genuine breakout and stock flying away to further heights. IF the second scenario plays out, the price should typically drift lower with narrow range bars and thin volume and then register another big green wide ranged bar.
Lets wait and watch which scenario plays out.
Lets wait and watch which scenario plays out.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。