Bajaj Finance is taking good support at 50DEMA on weekly time frame along with Fib level of 50% retracement.
Any closing above 4752 will confirm the trend reversal and stock will see new highs...
Note: This analysis is only for educational purposes
As you can see bajaj finance is on the support of
50 day Ema in 1h time frame if it breakout from it
Above resistance so we can see a big move but we have to ready for both up and down side
If it break it's 200 ema so it can reach its next support
This is just for learning purpose plz do your own research
The stock has been trading inside a triangle pattern since many weeks and has neared a breakout level👀
The 4435 level has been tested multiple times and hence buyers stand a good chance to break above it confirming the further bull run🐂
Confirm with your setup and Add to your WATCHLIST 🧐🚀📈💚
Bajaj Finance on the verge of breakout once 3520 will crossed then 3875
Can add till 3100 with SL of 3075
View medium term.
*Disclaimer: I am not a SEBI registered person, all the views are for study purpose.
Bajaj Finance Ltd. operates as a non-banking financial company. It offers consumer finance, SME finance, commercial lending and investment services. The company was founded on March 25, 1987 and is headquartered in Pune, India.