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BAJAJFINSV : After almost 12% correction, this stock is breaking out at upper side with off-course massive Volume support.
While looking at mathematical price movement predictions, here are the HIGH, MEAN and LOW can be:
HIGH = 2040
MEAN = 1793
LOW = 1295
While looking at chart, it shows the latest Fibonacci retracement of 61.8% tested....
Bajaj finance make hammer at bottom or near its trend line and after that strong bullish candle close which gives bullish signals in weekly chart
Buy it at 6806 (if it close above it )
Target 7055 7215 7504 8024
Sl 6280
Tym 5-6 weeks
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...
BAJAJFINSV has been holding well at the 17382 levels.
We can go long if it crosses 17422 levels.There is not much of resistance beyond that level until 18200.
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
Stock Analysis: BajajFinsrv has taken the support from current demand level it is good buy around current level with below demand zone as stop loss for the target given on the chart. Let's see
Happy Investing!
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
This is the cheapest you can get your hands on this stock for.
-Clearly there is a triple bottom formation and institutional buying at these levels
-Volume agrees with it.
- As a trader I would be a huge buyer if the price action breaks above the rectangle.
- If you're a long term hodler this is your time to shine.
Note: Considering Prime Minister Narendra...
