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