Bajaj Finserv weekly chart in a narrowing range. Above 1660, we could see 1900, below 1220, 1050 could be possible. Which way will this breakout?
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the stock is trending upwards from long term...
now price is reached the previous strong support...now acts as a resistance...
yesterday a long rejection is observed from the same zone...
on bottom we have seen, that a bullish gap left below...
is this an exhaustion gap at resistance...price fall is going to happen.
a strong move is observed from 1500 zone...
If...
The price trading near the breakout level . Above 1320+ close trendline breakout can be possible & targets will be 1350/1400/1430 can be seen in next coming trading sessions. Volume buildup also seen there. Good momentum can be seen towards the upside.
Dear Followers,
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...
The price near ascending channel support of 1280--1320 and also there is RSI Bullish Divergence on weekly and daily timeframe. We seen a good correction in price an now price forming strong base to go upside. If price respects the channel support than than price can go upside for the targets of 1435--1500-1600 in next trading sessions.
NSE:BAJAJFINSV
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
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...
29-11
Daily chart of BAJAJFINSV1!
LTP: 1645.15
Trendline (200 EMA) is bullish. Manual trend is sideways.
The first look pattern is similar to a bullish continuation flag.
Support is at 1517.15 (manual) and 1561.35 (200 EMA)
Multiple resistances at 1719.15 & 1774.50
RSI is below 50 and the arrangement is bearish as well.
First rule of trading is that one should...
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...
BAJAJ FINSERV LTD
BAJAJ FINSERV LTD is forming a good pattern, there is a good accumulation happening at current levels.
BAJAJ FINSERV LTD is Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Finance
Industry: Life/Health Insurance
