Hey all !!
You guys can add Bajaj finance @ 7300-7350
But keep in view it showed some down movement today , if it continues it will go till around 7000
Short term target ( around 1 week ) - 7550-7600
Mid term target - 7700/7900/8150/++
Trade at your own risk
Baj Finance is looking strong on higher time frame.
Monthly bullish candle and price is above 5 EMA
Monthly MACD is PCO
Monthly RSI is above 50
Weekly Price has taken 50 EMA and price is now in upper BB
Weekly RSI is above 50 and there is Bullish RD
Weekly Stochastic has given PCO from over sold zone and there is Bullish RD
This price is forming into cup and handle pattern
Do enter only when it gives the breakout and retest the support
Market might also trap by false break out
Just watch and let it complete it's pattern.....
Cmp7430
Trying to cross important moving average
Fundamentally good co
Upmove from bottom
Now testing for new highs
Need volume to pick up
If this ema act as a barrier skip this call
Target1 7600
Target 2 7800
Stop 7250
Bajaj Finance Ltd. completed a 5 wave up move in Oct. 2023( beginning in March 2023).
From the very top of the 5 wave advance the stock seems to have fallen down in a 5 wave. This 5 wave to the downside should be considered as just the wave "A" of the correction that has begun in the stock.
Wave B in the stock should now unfold in the stock to the upside(with...
NSE:BAJFINANCE Finally Bajaj finance break its multiple times resistance, and go to bullish trend, but before taking any position wait for confirmation candle(04/10/2023 candle) and then retracement of support line.
NSE:BAJFINANCE possibility of pattern success is high as the right bottom is higher than the left one and there is an RSI divergence on monthly charts.
Disc - invested, for educational purposes only
