Continuation or reversal on BAJFINANCE ??
BAJFINANCE is also stuck in a zone of a strong support and resistance. Even if the trend might turn upwards after breaking the swing high, we should only create long positions when the price retraces towards the breakout point or consolidates ABOVE the swing high.
We can also look for a short trade upon a breakdown from the swing low. The moving average is 50 SMA (Daily TF).
We can also look for a short trade upon a breakdown from the swing low. The moving average is 50 SMA (Daily TF).
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