BAJAJ FINANCE LTD
Updated
Dear Traders
1- Look at the strong demand zone, every time the stock has been respecting the same demand zone, it comes to this level and then bounces
2- There is a strong trendline which is coming from a few weeks, the high probability the stock may come to the same trendline again
3- It has made a perfect double top pattern
4- It has made a bearish engulfing pattern and that to on the resistance which itself is a bearish signal
These are a few of my strong findings which i have observed
if the low of present candle is broken we can expect a sharp fall in the script
Note:- All the study made in this chart or market is purely for educational purpose, No buy and sell suggestions from my charts
Do comment and let me know if you wish to gain more on charts and more knowledge on the same
Thanks and regards
1- Look at the strong demand zone, every time the stock has been respecting the same demand zone, it comes to this level and then bounces
2- There is a strong trendline which is coming from a few weeks, the high probability the stock may come to the same trendline again
3- It has made a perfect double top pattern
4- It has made a bearish engulfing pattern and that to on the resistance which itself is a bearish signal
These are a few of my strong findings which i have observed
if the low of present candle is broken we can expect a sharp fall in the script
Note:- All the study made in this chart or market is purely for educational purpose, No buy and sell suggestions from my charts
Do comment and let me know if you wish to gain more on charts and more knowledge on the same
Thanks and regards
Trade closed: target reached
completed as per the chart all thanks to Price Action
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.