Bajaj finance make a ascending chart pattern. best opportunity for long position.....
PLEASE SEE CHART FOR DETAILS BUY IF SUSTAIN ABOVE : 3320 TARGET 1 : 3500 TARGET 2 : 3700 STOP LOSS : 3090 **These are my personal observations. Please trade at your own risk.**
Momentum looks good, possible buy setup at 0.5 - 0.618 Retracement.
Bajaj Finance on the verge of breakout once 3520 will crossed then 3875 Can add till 3100 with SL of 3075 View medium term. *Disclaimer: I am not a SEBI registered person, all the views are for study purpose.
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...
buy BAJFINANCE for target 3300
IF THIS CROSSES ABOVE 3517, THEN EXPECT A GOOD UPTREND, BUT NOTE THAT AFTER AUGUST THERE ARE MANY HURDLES FOR BANKING SECTOR
Price moving up but RSI showing bearish divergence
Bajaj Finance- Buy around 3128 for the final target of 3800 Profits can be booked around the top horizontal lines
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.
Keep an eye on the breakout
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 is not likely to come out of range bound movement in next 5-6 days hence you can earn safely within this period.