Will Bajajfinserve breakout from here or will respect Triangle
All levels are marked on the chart. This is not a buy or sell recommendation, viewer are requested to take the advise of their financial advisors before any trade execution.
Buy : ₹1613
Target : ₹1735
Gain ~ 8%
The stock is showing good signs of upward momentum. The price has come from the lower support of the triangle and now moving towards the upper resistance of the triangle. The rally from here will give around 8% gains.
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Hi Folks. I am posting a Chart after a long time due to the regulatory issues in my country.
I have done the analysis on Bajaj Finserv Ltd - Daily Chart from 01.01.2022 - 20.03.2023
The stock has been in a continuous downtrend since past few months.
The daily chart have a Double Bottom @ 1246 levels which is considered a STRONG SUPPORT...
BajajFinserve - It looks strong, It is trading in a Box Pattern and tried to break it two time and failed. Also in hourly time frame we can see it formed symmetrical triangle pattern and once it breaks we can expect a good move .
Also RSI shows good move towards upside. So we can think of entering this once the symmetrical triangle pattern breakout happens. It has...
Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short...
Expecting further fall towards 11500 level which is at key support and weekly RSI showing strong bullish divergence.
If price bounces up from key support then 15500 level will act as strong resistance level.
If key support breaks then next support will be the trendline support around 8600 level. (Highly likely as it is overvalued and promoters are selling)
Bajaj finserv is good for swing trading. It has formed and bullish engulfing pattern on daily time frame.
The stock has retested the previous trend line and is near the resistance level of 16570.
If the stock cross the level with volume confirmation, it can move up to the level of 18000.
Bajajfinserv will give a good move on long side.
Target :- 18000, 18500.
Currently at 16600 , 16600-16200 being a very strong support zone. If this level is broke then it is better to stay away from this stock. Trading below 50sma pure bearish trend. 17800 being very strong resistance
Bajaj Finserv has shown consolidation and a expansion phase is expected after breaking the range but be carefulll as reatiler are trapped in expansion but one can take intraday position about 1-2% gain . It is also expected to bounce from 38% fib level
All the key levels are mentioned in chart
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