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
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I am expecting a bearish momentum on bajaj Finance & I have also shared my analysis.
In this analysis once bajaj finance opens in flat one can enter sell position & it can help to achieve decent profits on today's market.
I have given clear SL , entry & Target 1 & Target 2.
Hope this will help in banking some profits if market moves in the favor.
BAJAJ FINSERVE, 1 Hour Chart
Break out done,
Can go long for Target 9440 and 9770
Stoploss below 8950
My Studies are Educational purpose only
CONSULT with your financial advisor before trading or investing
BAJAJ FINANCE, 1 Hour Chart
Possible Rounding Top, & also there is Possibilities of Horizontal TRENDLINE Support as well.
More BEARISH ONLY if it gives Closing BELOW 4820,
There is a Good POSSIBILITIES of BOUNCE BACK as well.
Education purpose only
Consult your Financial advisor before TRADING OR Investing
This analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target.
Stock is fundamentally strong
It has given volume supported breakout after consolidation phase.
Also such huge volumes have come in stock which shows that stock is not going to stop at...