A probable Bearish Head and shoulder pattern
On weekly charts of Bajaj finance future a probable Head and shoulder pattern looks to be under construction.
A break and close below 7050 on daily chart would be idle to build any position,
the pattern target could be at 6600 and 6000 in coming months.
7400 on the upside would act as an important resistance
Once it closes below 7050 on daily chart it can be a good sell with stoploss at 7250.
A break and close below 7050 on daily chart would be idle to build any position,
the pattern target could be at 6600 and 6000 in coming months.
7400 on the upside would act as an important resistance
Once it closes below 7050 on daily chart it can be a good sell with stoploss at 7250.
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We are close to the 1st target at 6600 one can book partial profits.