The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Weekly Breakout possible .
Triangle Pattern.
Good for Long term.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Bajaj finserv is making a bullish pattern and is going to start rallying upward so take entry at the point given in the chart stoploss is around 2.5 points and target is around 60 points.
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BAJAJFINSV : After almost 12% correction, this stock is breaking out at upper side with off-course massive Volume support.
While looking at mathematical price movement predictions, here are the HIGH, MEAN and LOW can be:
HIGH = 2040
MEAN = 1793
LOW = 1295
While looking at chart, it shows the latest Fibonacci retracement of 61.8% tested....
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
BAJAJFINSV formed a falling wedge chart pattern on daily chart. There were multiple support and resistance tested as shown on the chart. Moreover, notice the volume when price falls and on the breakout day. Notice the hammer candlestick formation at support, indicates buyer are out there to push the price high. There was a strong breakout candle formed with a wick...
I have performed Elliot Wave Theory analysis on BAJAJFINSV daily time frame.
The internal wave counts are not shown on the charts as they get cluttered.
Wave 2 retraced 0.65%
Wave 2 is a sharp correction
Wave 3 was calculated with the Fib Extn tool starting from wave 1—end of wave 1—end of wave 2. It is precisely 1.618%, which signifies that wave 3 is extended....
There is a possibility of BAJAJ FINSV breaking down as it is currently trading at its support area. Please trade accordingly using the provided levels.
Bajaj Finserv is at breakout point.
RSI show the bullish Divergence, if it give successfully breakout then we can see a bullish momentum around 1700-1720.
Bajaj Finserv breakout point pe trade krra h.
Agr hum Rsi ko dekhe toh yeh bullish divergence show krra h, agr breakout legit hota h toh hum 1700--1720 tak ki rally expect kr skte h.
Long set up in ongoing corrective leg (Hopefully Triangle in play) and this leg is part of incomplete "D" or "E", could be clear in further price action.
NSE:BAJAJFINSV
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for...
bajaj finserv, if show some upward movement, can go long into it, with new low as stoploss.I only share my views here, I do this in my free time. you can also share your views on my analysis, plz do comment. bye.
