Very High RSI and ADX. Bajaj Finance is likely to consolidate now.
Friday's move of BajFin was little disappointing considering movement of Future Price. This may be beginning of end of bullish run which started post Budget. 5800 is expected post little consolidation.
Double Bottom indicating trend reversal.... Expect following levels in near term .. 5180- 5489 - 5989
at this time bajaj finance is top gaining company in India. every thing is scenes bullish and buyer are interested to move higher. so next few month its hit 5771 area and then pullback and go next top as mention 6864. see you soon stay with me for future update
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. Disclaimer Education purpose only Consult your Financial advisor before TRADING OR Investing
wait for lower trendline break down to enter short position rising wedge pattern break down will confirm the analysis SL - candle crosses above upper trendline or break out previous high Target 5120, 5050
I'm not an expert I'm just sharing my views on BAJAJ FINANCE for next trading day I'm not responsible for any profit or loss this is not a recommendation
Looks like the higher end of the channel is hit today. Possible retracement from here on to rest the previous high before further upside move.
Can it reach 5150 + (before 18/12/2020) ? If it breaches, 4830-4845 in two T sessions comfortably, then Target of 5150 is possible. For this journey (09-12-2020 to 18-12-2020): 4960 act as Immediate strong resistance1 4830-4880 as Immediate support1 4770 as IS2 Strong support S3 as 4650 Only an educational view...let's see, whether BAJFIN follows the pattern or not.
I'm not an expert I'm just sharing my views on BAJAJ FINANCE for next trading day I'm not responsible for any profit or loss this is not a recommendation
There is no proper trade in bank nifty accept scalping for a couple of days now. I will short only when 15 min candle closes below the 29529 spot. For a long trade, I feel let this expiry get over then the only big move is possible.
With this momentum, it can touch 4185 in September.
Bajaj Finance showing strength now and looking good for delivery. It has broken out on 27th Oct.
View bullish immediate resistance break- Out possibility long above 3392 with sl 3376
bajfin 11-year history this year big profit booking buy long term investors but still has potential to go upside or it can hold a level of 2019 candle range
BANKNIFTY UPCOMING MOVE WE CAN SEE UPSIDE TILL 25000-26000 TILL 16-OCT-2020