Bajaj Finance Ltd. - BULLISH REVERSAL in a FALLING WEDGE ??
Bajaj Finance Ltd.
The stock is moving in a fallngWedge channel. Time-trend Indicator. Daily RSI & MACD are Bearish as well.
However, we can see a positive divergence formed by both RSI & MACD.
The compression range in a falling wedge is becoming smaller & smaller. If prices sustain above 1865 (i.e. Friday's low), an upward move to 2100 is possible.
KEEP AN EYE !! #B+
The stock is moving in a fallngWedge channel. Time-trend Indicator. Daily RSI & MACD are Bearish as well.
However, we can see a positive divergence formed by both RSI & MACD.
The compression range in a falling wedge is becoming smaller & smaller. If prices sustain above 1865 (i.e. Friday's low), an upward move to 2100 is possible.
KEEP AN EYE !! #B+
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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.
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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.