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
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...
Bajfinace imp zones mentioned on chart, all reversal and expected move mentioned with Arrow line, RED: Sell, Green: Buy
Sell< 7190 SL: 7220 Target : 7170,7130,7050
Buy>7220 SL: 7190 Target : 7240,7260,7290++
Wait for Proper Rejection on lower time fames at levels :
@Support : Bullish
@Resistance : Bearish
Use SL trialing Method
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Bajaj finance
Cup and handle pattern
SL is on 5820
Entry is at 5690
Target is at 5260
technical analysis and is for educational purposes.
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Disclaimer
I am not sebi registered analyst My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as...
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...
