bajajfinance formed inverted head and shoulder pattersn and broke 8100 level. keep an eye after retracement for massive upside. #1billon news too in it.
For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail...
For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail...
BAJAJ FINANCE has been rejecting the 7441.00 level multiple times in 5 min and 15 mins timeframe.
Go long once price crosses 7460 level.
Targets can be marked via pivot point.
Happy Trading :)
Bajaj Finance reversed. I applied a simple strategy by connecting previous highs to estimate a low or reversal point. As seen here, Bajaj Finance reversed from the same low, which acted as support.
The stock is reversing from demand zone after 4 days of consolidation in the same zone, also there is a double top breakdown in Daily time frame, and the stock is poised for a retest of the Double Top neckline area.
75 minutes shows Double bottom very evident with RSI divergence and RSI moving into 70+ strength zone, an up move of odd 7200-7400 levels is...
Valuation of this stock is high and also the financials are also not that attractive even if price reaches the low of the channel or wedge mentioned.
But still if price reaches the low of the channel then a position can be taken if the overall market sentiment favours a bullish move and confidence, at that time. Also the fundamentals of the company at that time...
Bajaj finance is a fundamental strong and biggest NBFC of India and currently company showed its Q1 FY23 result. So we can take it as a trader and investor also. If stock slip blow its 50day EMA than we should add this amazing one into our portfolio.
