MARKET COMMENTARY : Bajaj finance is clearly forming a rounding bottom formation on the daily candles, sustaining above 3400 level will take it further high up to 3800 level, the previous day closing & with the volumes coming in continuously at this level from past week is suggesting the buyers are taking charge with strong momentum.
APPROACH : Buy and trail...
Bajaj Finance Ltd (Bajajfin - NSE) has completed ABC sequence down in 30 min time frame as W wave and now correcting up in X wave, where c wave will start soon. So it may be possible to make new high in X wave, so stay long with stops below 3183.50 for target of around 3430 or higher.
#BAJAJFINANCE is trending between level 3420 and 3122 (200EMA). Today stock open with Gap Down but due to bearish sentiment in market it trade down and touched the level 3122 (200EMA) and got good support and closed above. Stock is moving in narrow range since 7 days and a gap UP/down opening can show reversal tomorrow 15 July.
Showing Bearish result in Technical...
Good Morning sir's
Today's first dish in our breakfast menu is Bajaj finance, Sitting on their Dynamic support daily and in a 4-hour time frame. Stock is damn bullish since June month but 1st Quarter Results has stopped the stock rally and stocks give a correction. but the news impact is always for a shorter time frame. anything can happen at this point. Support...
Triple Dhamaka is about to happen in Bajfinance be sure to Grab this opportunity, Check below :
1) Bearish Engulfing
2) Triangle Breakout
3) Volume & RSI Divergence
And moreover Option chain data also shows that writer is quite betting on CE side rather than PE side.
Bajaj Finance Ltd. operates as a non-banking financial company. It offers consumer finance, SME finance, commercial lending and investment services. The company was founded on March 25, 1987 and is headquartered in Pune, India.