BAJAJFINSV formed a falling wedge chart pattern on daily chart. There were multiple support and resistance tested as shown on the chart. Moreover, notice the volume when price falls and on the breakout day. Notice the hammer candlestick formation at support, indicates buyer are out there to push the price high. There was a strong breakout candle formed with a wick (something to be dealt with caution, it could be profit booking as well). Ideal entry would be just above breakout days close with stop loss below the previous swing low. An easy 1:2 risk reward ratio.
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Hope you liked my analysis. Please feel free to comment your view or boost this idea if you think it was worth your time.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros