This stock is trading high but we can see short term down trend as shown in the chart. The volume has not increase much so it has the chance to move in slow direction.
bajaj finserve is in strong uptrend on weekly time frame ,the recent correction provides good entry with favorable risk reward ,can buy the counter with a strict stop loss of 6450 on closing basis for the targets of 7500 and 7850 in coming months,its a positional call. Please remember that stop loss is on closing basis and if its hit the scrip may consolidate at...
BajajFin has give good profit and there is a bullish candle. A Negative Divergence is in the offing. Maybe some pause will come by.
BajajFinSv is yet to give a meaningful breakout of the bull Regular Flag.
SL please. All the best.
All big moves are generally followed up by a consolidation. This stock is in strong bull market and therefore it is justified that a phase of consolidation occurs. A breakout is possible on any day which will take the price to dizzy heights. A great stock indeed for long term bet.
Strong uptrend (higher high and higher low). Price is correcting and creating a base (depicted by the horizontal line which can be used as the SL for going long) with the support of 50 DMA. Price is keeping above 5 DMA which also can be used as SL going long. It is expected that any time price may give a long leap.
ON DAILY CHART THERE IS DOJI CANDLE ON UPTREND AND RSI ALSO OVERBOUGHT AM GOING TO SHORT AT OPENING TOMORROW..ENTRY STOP LOSS AND TARGET GIVEN ON CHART.
HIT LIKE IF YOU AGREE WITH MY PLAN AND YEAH FOLLOW ME FOR MORE UPDATES AND IDEAS.
TRADE WITH CARE
REGARDS
KING999
SHORT THIS STOCK AT 0.786 LEVEL WHICH IS MENTION ON CHART,WE ARE ASSUMING PULLBACK FROM THERE TOWARDS 0.618 LEVEL.ENTRY STOP AND TARGET ON CHART.
IF YOU AGREE WITH MY VIEW THEN PLEASE HIT LIKE AND FOLLOW ME FOR MORE UPDATES AND IDEA'S I REALLY APPRECIATE THAT.
TRADE WITH CARE
REGARDS
KING999
