#Bajaj Finance Limited - #Technical Analysis
Price: 1,048.00
#Swing Trading Setup
Pattern: #Range #breakout with #consolidation above breakout zone. #Triangle/Box pattern breakout with target hit. Currently forming double bottom pattern.
Key Technical Points:
1. Range breakout & consolidating above breakout area
2. EMA's sorted & aligned - price trading above all EMAs
3. Triangle/Box pattern breakout - target achieved, now forming double bottom
4. Classic divergence in recent bounce area confirming retracement completion
Target Levels:
- Target 1: 1,103.80
- Swing Target 2: 1,155.00
- Grand Target: 1,225.00
Support: 1,026 - 1,018 (critical zone)
#Outlook
Strong bullish structure with potential upside of 10-17% toward targets. The double bottom formation suggests the retracement phase is complete. Price sustaining above ₹1,048 confirms continuation toward higher targets.
⚠️ DISCLAIMER
This is NOT investment advice. For educational purposes only. Stock trading involves substantial risk. Past performance doesn't guarantee future results. Always do your own research and consult a SEBI-registered financial advisor before investing. Author assumes no responsibility for losses.
#BajajFinance #StockMarket #NSE #TechnicalAnalysis #SwingTrading #IndianStockMarket #Trading #FinTwit #ChartAnalysis #StocksToWatch #TradingView #MarketAnalysis
Price: 1,048.00
#Swing Trading Setup
Pattern: #Range #breakout with #consolidation above breakout zone. #Triangle/Box pattern breakout with target hit. Currently forming double bottom pattern.
Key Technical Points:
1. Range breakout & consolidating above breakout area
2. EMA's sorted & aligned - price trading above all EMAs
3. Triangle/Box pattern breakout - target achieved, now forming double bottom
4. Classic divergence in recent bounce area confirming retracement completion
Target Levels:
- Target 1: 1,103.80
- Swing Target 2: 1,155.00
- Grand Target: 1,225.00
Support: 1,026 - 1,018 (critical zone)
#Outlook
Strong bullish structure with potential upside of 10-17% toward targets. The double bottom formation suggests the retracement phase is complete. Price sustaining above ₹1,048 confirms continuation toward higher targets.
⚠️ DISCLAIMER
This is NOT investment advice. For educational purposes only. Stock trading involves substantial risk. Past performance doesn't guarantee future results. Always do your own research and consult a SEBI-registered financial advisor before investing. Author assumes no responsibility for losses.
#BajajFinance #StockMarket #NSE #TechnicalAnalysis #SwingTrading #IndianStockMarket #Trading #FinTwit #ChartAnalysis #StocksToWatch #TradingView #MarketAnalysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.